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    <title>Formula for reversing GST ITC Credit on Sale of MEIS/SEIS</title>
    <link>https://www.taxtmi.com/forum/issue?id=114216</link>
    <description>The note asks whether sale of MEIS/SEIS export incentive scripts-treated as exempt and generated from zero-rated exports where no input credit was claimed or GST-paid inputs used-requires reversal of GST Input Tax Credit under Section 17(2)-type provisions and, if so, what formula should apply. The reply states that the Section 17(2) style disallowance would not apply in these facts and seeks further expert views; no reversal formula is provided.</description>
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    <pubDate>Tue, 09 Oct 2018 16:05:01 +0530</pubDate>
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      <title>Formula for reversing GST ITC Credit on Sale of MEIS/SEIS</title>
      <link>https://www.taxtmi.com/forum/issue?id=114216</link>
      <description>The note asks whether sale of MEIS/SEIS export incentive scripts-treated as exempt and generated from zero-rated exports where no input credit was claimed or GST-paid inputs used-requires reversal of GST Input Tax Credit under Section 17(2)-type provisions and, if so, what formula should apply. The reply states that the Section 17(2) style disallowance would not apply in these facts and seeks further expert views; no reversal formula is provided.</description>
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      <law>GST</law>
      <pubDate>Tue, 09 Oct 2018 16:05:01 +0530</pubDate>
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