Nature of Supply of Priority Sector Lending Certificates (PSLC)

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..... ct: Nature of Supply of Priority Sector Lending Certificates (PSLC) - regarding No. CT/GST-15/2017/323 .- 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. 21/2018-GST dated 18.09.2018 was issued clarifying that .....

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..... banks for payment already made, shall not be required to pay IGST towards such supply. 4. This Circular is clarificatory in nature and not meant for any interpretation of provisions of the Act and rules. 5. Difficulties, if any, in implementation of the above instructions may be brought to the notice of the Commissioner at an early date. 6. This Circul .....

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