Question ID :
40604
Reversal of ITC with regards to supply of MEIS scripts
My client is engaged in export of cashew kernels which is a zero rated supply. In relation to said export, the client is in receipt of MEIS scripts from the Government which is linked to the exports made. The further supply of MEIS scripts is exempted from GST. The query is whether input tax credit has to be reversed with regards to supply of MEIS scripts
Posted by
SHRADDHA S KAMATH
on
Mar 13, 2020
Filed Under
GST
Dear Mr. Kamath,
As you have mentioned that MEIS Srcipts are exempted hence No Input Tax Credit will be allowed.
Posted by
CA. BIPIN KUMAR on
Mar 15, 2020