TaxTMI 
TaxTMI 
Utilisation of MEIS credit Script
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....tilisation of MEIS credit Script<br> Query (Issue) Started By: - Satish Garg Dated:- 5-6-2017 Last Reply Date:- 6-6-2017 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>We are manufacturer exporter of Aluminium cookware. We are in receipt of credit script under MEIS scheme. We understand that the script can be used for payment of custom duty and also payment of excise duty. We are not inte....
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....rested in importing raw material against payment of duty. Please clarify : 1. Can we credit the MEIS amount to our CENVAT/ GST input credit account 2. Can we pay GST payable on sale of our finished goods in the domestic market through our MEIS script 3. In either of above cases, will we still be required to get our script registered with the custom department as required when script is to be us....
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....ed for payment of duty against imports. Reply By MUKUND THAKKAR: The Reply: 1. Can we credit the MEIS amount to our CENVAT/ GST input credit account. Big No.. because as per central excise cenvat rules script is not valid documents for taking cenvat credit. 2. Can we pay GST payable on sale of our finished goods in the domestic market through our MEIS script. wait for clarification from GST c....
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....ouncil 3. In either of above cases, will we still be required to get our script registered with the custom department as required when script is to be used for payment of duty against imports. yes, it is compulsory without registration. utilization is not possible. Reply By MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Mukund<br> Discussion Forum - Knowledge Sharing ....