Nature of Supply of Priority Sector Lending Certificates (PSLC)

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..... Supply of Priority Sector Lending Certificates (PSLC) - regarding Representations have been received requesting to clarify whether IGST or CGST/ SGST is payable for trading of PSLC by the banks on e- Kuber portal of RBI. 2. In this regard, it is stated that Circular No. 62/36/2018-GST dated 12.09.2018 was issued clarifying that GST on PSLCs for the period 1.7.2017 .....

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..... y be, such banks for payment already made, shall not be required to pay IGST towards such supply. 4. Difficulty, if any, in the implementation of this circular may be brought to the notice of the Chief Commissioner of State Tax immediately. 5. This circular shall be deemed to have been issued on 8 th March, 2019. (P D Vaghela) Chief Co .....

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