Goods and Services Tax – Started By: – Narendra Soni – Dated:- 9-5-2018 Last Replied Date:- 10-5-2018 – Kindly suggest, whether sale value of below mentioned items will be included in Adjusted Total turnover for claiming refund of ITC accumulated on export of goods/services under Bond/LUT, in its formula:-1.Sale of MEIS (Duty credit scrip issued by DGFT as incentive on export) on which GST rate is 0% (NIL rated)2.Sale of Waste & Scrap of fire woods on which GST rate is 0% (NIL rated).Kindly suggest at the earliest. – Reply By YAGAY and SUN – The Reply = In our view there is no such need as first point relate to post export activity and second limb is associated with fire wood on which at any stage GST is not applicable. – Reply By Nare
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