Export incentives/Duty draw back
This query is : Resolved
07 May 2022
we are exporting some products and we are getting Export incentives ..
is that amount taxable under GST act ?
is that amount taxable under GST act ?
07 May 2022
Export incentives in nature of drawback are not supplies therefore no gst applicable
09 May 2022
Export incentives such as MEIS/SEIS scrips can be sold in the market at 85-95% of its value. If done so it would cover under HSN 4907 as is exempt from GST. ITC in relation to such supply would need to be reversed as per Rule 42/43
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