https://www.taxtmi.com/forum/issue?id=115966 Whether proportionate reversal of input tax credit is required when exporters sell GST exempt transferable export incentive scripts (MEIS/SEIS) is contested: some view the scripts as incentives not supplies and deny reversal, while others assert sale of exempt scripts necessitates proportionate ITC reversal. Separately, GST charged by Customs House Agents for registering or enabling use of scripts raises debate on ITC eligibility - some treat such CHA charges as allowable input services, while others say ITC must be reversed to the extent attributable to the exempt sale; an advance ruling is suggested to settle the issue. en-us Sun, 02 Feb 2020 07:47:32 +0530 Thu, 23 Jan 2025 15:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115966 Whether proportionate reversal of input tax credit is required when exporters sell GST exempt transferable export incentive scripts (MEIS/SEIS) is contested: some view the scripts as incentives not supplies and deny reversal, while others assert sale of exempt scripts necessitates proportionate ITC reversal. Separately, GST charged by Customs House Agents for registering or enabling use of scripts raises debate on ITC eligibility - some treat such CHA charges as allowable input services, while others say ITC must be reversed to the extent attributable to the exempt sale; an advance ruling is suggested to settle the issue. Discussion-Forum GST Sun, 02 Feb 2020 07:47:32 +0530 https://www.taxtmi.com/forum/issue?id=115966