TaxTMI 
TaxTMI 
Sale of MESE certificate
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....ale of MESE certificate<br> Query (Issue) Started By: - RAHUL GAIKWAD Dated:- 17-4-2019 Last Reply Date:- 20-4-2019 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Sir, I Have sold the certif....
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....icate Issued by DGFT against export. The certificate is under Merchant Export Incentive scheme. I want to sell the said certificate, please let me know whether said is taxable under GST ?? if Applica....
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....ble , under Goods of Srvice, and rate of Tax ?? Reply By SURYAKANT MITHBAVKAR: The Reply: Selling of MEIS License is exempted under Notification No.35/2017 CE (Rate) Dated 13.10.2017. Reply By RAHU....
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....L GAIKWAD: The Reply: Thanks Reply By Spudarjunan S: The Reply: Dear Rahul Ghaikwad, The sale of MEIS certificate would be treated as exempted supply w.e.f 13th October 2017 by virtue of sl.no.122....
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....A of notification no.02/2017 C.T(R) dated 28th June 2017, as amended by notification no.35/2017 C.T(R) dated 13th October 2017. However, with the benefit of exemption you should be vigilant that Rule....
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.... 42 would be applicable if you provide both taxable and exempted supplies and you need to reverse the common credits in proportion to taxable and exemted supplies. Kindly refer rule 42 of CGST rules 2....
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....017. Reply By KASTURI SETHI: The Reply: Dear Sh. Spudarjunan S Ji, Thanks for such accurate reply. Really your reply has enriched my knowledge.<br> Discussion Forum - Knowledge Sharing ....