Accounting entries on grant of MEIS License and sale thereof

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Sir X co. is exporter and DGFT issued a licence under MEIS schem for import duty. i.e. X co granted license valued ₹ 100000. and company sold it to y comapany @rs 98000 how this transact .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ion 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 = ₹ 2000/- can be shown as discount. You have to r .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... everse the proportionate ITC, if availed on procurement of MEIS. There is no GST on MEIS. - Accounting entries on grant of MEIS License and sale thereof - Query Started By: - bharat adesara Dated:- .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 5-10-2019 Accounting - Auditing - Got 1 Reply - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanage .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ment - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X