https://www.taxtmi.com/article/detailed?id=17391 The exclusion of duty credit scrips from exempt supplies under Explanation 1 to Rule 43 operates prospectively and does not extend the benefit to prior periods. Accordingly, common ITC attributable to sales of MEIS or RoDTEP scrips up to June 2022 requires reversal, whereas ITC directly linked to manufacturing activities is not subject to such reversal. Fraud-based tax proceedings require material evidence of fraud, wilful misstatement, or intentional suppression of facts to evade tax. en-us Sat, 12 Sep 2026 08:42:01 +0530 Sat, 12 Sep 2026 08:42:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17391 The exclusion of duty credit scrips from exempt supplies under Explanation 1 to Rule 43 operates prospectively and does not extend the benefit to prior periods. Accordingly, common ITC attributable to sales of MEIS or RoDTEP scrips up to June 2022 requires reversal, whereas ITC directly linked to manufacturing activities is not subject to such reversal. Fraud-based tax proceedings require material evidence of fraud, wilful misstatement, or intentional suppression of facts to evade tax. Articles Goods and Services Tax - GST Sat, 12 Sep 2026 08:42:01 +0530 https://www.taxtmi.com/article/detailed?id=17391