https://www.taxtmi.com/forum/issue?id=116331 An MEIS scrip used to pay customs duty is not a supply for GST purposes; GST is not applicable and no Input Tax Credit reversal is required. Because the transaction is outside the scope of GST, the MEIS scrip need not be reported in GSTR-1 or GSTR-3B, and accounting as other revenue does not change the GST treatment. en-us Thu, 28 May 2020 12:45:06 +0530 Thu, 23 Jan 2025 15:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116331 An MEIS scrip used to pay customs duty is not a supply for GST purposes; GST is not applicable and no Input Tax Credit reversal is required. Because the transaction is outside the scope of GST, the MEIS scrip need not be reported in GSTR-1 or GSTR-3B, and accounting as other revenue does not change the GST treatment. Discussion-Forum GST Thu, 28 May 2020 12:45:06 +0530 https://www.taxtmi.com/forum/issue?id=116331