https://www.taxtmi.com/forum/issue?id=115235 Recovery of a foreign exchange gain by issuing a debit note is treated as a local taxable supply and attracts GST; duty drawback credited to the exporter is to be credited and adjustments between parties may attract GST when characterised as consideration; MEIS and similar duty credit scrips are presently nil-rated, so their transfer without monetary consideration does not attract GST, but any ITC claimed earlier in relation to supplies rendered exempt by such transfers must be proportionately reversed. en-us Wed, 24 Jul 2019 12:07:43 +0530 Thu, 23 Jan 2025 15:55:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115235 Recovery of a foreign exchange gain by issuing a debit note is treated as a local taxable supply and attracts GST; duty drawback credited to the exporter is to be credited and adjustments between parties may attract GST when characterised as consideration; MEIS and similar duty credit scrips are presently nil-rated, so their transfer without monetary consideration does not attract GST, but any ITC claimed earlier in relation to supplies rendered exempt by such transfers must be proportionately reversed. Discussion-Forum GST Wed, 24 Jul 2019 12:07:43 +0530 https://www.taxtmi.com/forum/issue?id=115235