https://www.taxtmi.com/forum/issue?id=114258 Sale of MEIS/SEIS scripts treated as exempt supplies requires allocation and reversal of common input tax credit: ITC exclusively used for zero rated exports remains dedicated to those supplies, while common credits benefiting both zero rated and exempt supplies must be apportioned and reversed using the prescribed allocation formula when scripts are sold domestically. en-us Mon, 22 Oct 2018 16:01:20 +0530 Thu, 23 Jan 2025 15:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114258 Sale of MEIS/SEIS scripts treated as exempt supplies requires allocation and reversal of common input tax credit: ITC exclusively used for zero rated exports remains dedicated to those supplies, while common credits benefiting both zero rated and exempt supplies must be apportioned and reversed using the prescribed allocation formula when scripts are sold domestically. Discussion-Forum GST Mon, 22 Oct 2018 16:01:20 +0530 https://www.taxtmi.com/forum/issue?id=114258