Inter State supply of Priority Sector Lending Certificates requires IGST on e Kuber trading; prior CGST/SGST payments exempt additional IGST. PSLC transfers between banks on the RBI e Kuber platform are to be treated as a supply of goods in the course of inter State trade or commerce and therefore attract Integrated GST (IGST). This IGST characterization applies irrespective of earlier differing charge mechanisms; however, a bank that has already paid Central GST and State GST (or Central GST and Union Territory GST) for the supply is not required to pay IGST for that transaction.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Inter State supply of Priority Sector Lending Certificates requires IGST on e Kuber trading; prior CGST/SGST payments exempt additional IGST.
PSLC transfers between banks on the RBI e Kuber platform are to be treated as a supply of goods in the course of inter State trade or commerce and therefore attract Integrated GST (IGST). This IGST characterization applies irrespective of earlier differing charge mechanisms; however, a bank that has already paid Central GST and State GST (or Central GST and Union Territory GST) for the supply is not required to pay IGST for that transaction.
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