WebCare CE&ST Tax payers: W.e.f 01.04.2024 ICEGATE leave introduce Online Internet Banking channel for payment of CE & ST dues through ICEGATE e-Payment Gateway are addition to NEFT/RTGS. WebGST GST Rates - HSN Code - sale of Export Incentives Licences like MEIS, SEIS and IEIS - MEIS etc. fall under heading 4907 and attract 12% GST. View Source ← Previous Next → H: Refund alongwith Interest - amount deposited during search proceedings... H: Supply or not - liquidated damages collected for non-performing of an ...
Sale of meis licence in export - GST Import / Export
WebA remote seller or marketplace facilitator has economic nexus if they sell or facilitate the sale of more than $100,000 in annual gross retail sales or 200 or more transactions to Virginia customers. You may qualify as a “remote seller,” a “marketplace seller," or a “marketplace facilitator,” or any mix of the 3 classifications ... WebMar 10, 2024 · if we sell our meis license to another person the what is the rate of tax. Rakesh Sarswath (Article Student-GST Specialization) (190 Points) Replied 04 December 2024. Before 14.11.2024 it was taxable however as per updated rates notification sale of duty credit scrips are nil rated. screen case of matic
MEIS/SEIS licenses – Headache for Exporters - ETCFO
WebOct 25, 2024 · Recently on 09.09.2024, GST council has reduced GST rate on MEIS from 12% to 5%. MR. CHINTAN, PLEASE SHARE LIST OF GOODS FOR CHANGE IN GST RATE RECOMMENDED BY GST COUNCIL IN ITS 21 AT MEETING HELD ON 9TH SEPTEMBER, 2024 OF REDUCE GST RATE 12% to 5% ON MEIS. WebApr 14, 2024 · Has the RoDTEP scheme rates been notified? On 17 August 2024, the Central Government notified the RoDTEP scheme rates and guidelines. The notified rates under the RoDTEP scheme for several sectors include the rates at 0.5%, 1.4%, 2.4% and 4%. However, the government is yet to notify a fixed quantum of rebate per unit for … The S.No.122A Sch., which exempts EIS licences as of 13.10.2024, specifies that HSN4907 is the appropriate duty credit scrip to use. Before then, it was taxable at 5% under Schedule I to S.No.201A. Therefore, there is no need to reverse ITC or pay GST while purchasing a licence, as the latter is exempt. See more The government provides support of about 22,000 crore annually for exports under the MEIS Scheme. The previous export incentive programmes that issued duty credit scrips were … See more The GST Law classifies exports of goods or services as “inter-State supplies” subject to the IGST Act. Know more: GST registration … See more To submit a claim for duty credit scrip benefits under MEIS, you must submit an online application using form ANF 3A and a digital signature certificate. The applicant must submit copies of the DGFT application, EDI … See more screen cartoon image