IGST on PSLC trading applies as inter-state supply, with prior CGST/SGST payments protected for such trades on e-Kuber portal. Supply of Priority Sector Lending Certificates traded over the RBI e-Kuber portal is a supply of goods in the course of inter-State trade or commerce, and IGST is payable on such supplies for the specified periods. Where a bank has already paid CGST/SGST or CGST/UTGST for such supplies, it shall not be required to pay IGST in respect of those supplies.
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.
IGST on PSLC trading applies as inter-state supply, with prior CGST/SGST payments protected for such trades on e-Kuber portal.
Supply of Priority Sector Lending Certificates traded over the RBI e-Kuber portal is a supply of goods in the course of inter-State trade or commerce, and IGST is payable on such supplies for the specified periods. Where a bank has already paid CGST/SGST or CGST/UTGST for such supplies, it shall not be required to pay IGST in respect of those supplies.
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