https://www.taxtmi.com/forum/issue?id=113636 Duty drawback and SAD refund are refunds of duties previously paid on exports and thus do not trigger input tax credit reversal. Sale proceeds of MEIS licences are treated as exempt supplies under Notification No. 35/2017 Central Tax (Rate) and generally require proportionate input tax credit reversal, although an alternative view contends that MEIS/SEIS scrips as export incentives may not necessitate reversal if a direct nexus between inputs and taxable supplies is demonstrated, with Rule 42 cited as not mandating reversal in such cases. en-us Wed, 18 Apr 2018 15:28:57 +0530 Thu, 23 Jan 2025 15:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113636 Duty drawback and SAD refund are refunds of duties previously paid on exports and thus do not trigger input tax credit reversal. Sale proceeds of MEIS licences are treated as exempt supplies under Notification No. 35/2017 Central Tax (Rate) and generally require proportionate input tax credit reversal, although an alternative view contends that MEIS/SEIS scrips as export incentives may not necessitate reversal if a direct nexus between inputs and taxable supplies is demonstrated, with Rule 42 cited as not mandating reversal in such cases. Discussion-Forum GST Wed, 18 Apr 2018 15:28:57 +0530 https://www.taxtmi.com/forum/issue?id=113636