TaxTMI 
TaxTMI 
Dear Sir
What is the GST Rate on Sale of MEIS (Export Scripts)
GST on Sale of MEIS
17 Mar 2020 
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GST on sale of export duty credit scrips is nil-rated/exempt, with proportionate reversal of related input tax credit required.
Sale of MEIS/SEIS duty credit scrips is treated as nil-rated/exempt for GST (classified under HSN 4907), so no GST is payable on the transfer; nonetheless, any Input Tax Credit claimed on procurements related to such scrips must be proportionately reversed. (AI Summary)
Sale of MEIS/SEIS duty credit scrips is treated as nil-rated/exempt for GST (classified under HSN 4907), so no GST is payable on the transfer; nonetheless, any Input Tax Credit claimed on procurements related to such scrips must be proportionately reversed. (AI Summary)