TMI BlogSale of MESE certificateX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, I Have sold the certificate 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 Applicable , 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) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dated 13.10.2017. - Reply By RAHUL 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.122A 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 be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nefit of exemption you should be vigilant that Rule 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 2017. - Reply By KASTURI SETHI - The Reply = Dear Sh. Spudarjunan S Ji, Thanks for such accurate rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly. Really your reply has enriched my knowledge. - Sale of MESE certificate - Query Started By: - RAHUL GAIKWAD Dated:- 17-4-2019 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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