Accounting entries on grant of MEIS License and sale thereof

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....ccounting entries on grant of MEIS License and sale thereof<br> Query (Issue) Started By: - bharat adesara Dated:- 5-10-2019 Last Reply Date:- 21-5-2020 Accounting - Auditing<br>Got 1 Reply<br>Compani....

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....es Law<br>Dear Sir X co. is exporter and DGFT issued a licence under MEIS schem for import duty. i.e. X co granted license valued &#8377; 100000. and company sold it to y comapany @rs 98000 how thi....

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....s transaction should be recorded in book of X company. GST is NIL rate am i right? Please reply at the earliest Reply By YAGAY andSUN: The Reply: &#8377; 2000/- can be shown as discount. You have....

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.... to reverse the proportionate ITC, if availed on procurement of MEIS. There is no GST on MEIS.<br> Discussion Forum - Knowledge Sharing ....