Inter-state supply: IGST applies to trading of Priority Sector Lending Certificates on e-Kuber, except where CGST/SGST already paid. PSLC trades on the e-Kuber platform are treated as a supply of goods in the course of inter-State trade or commerce, making IGST payable on such supplies for both the forward-charge and reverse-charge periods; banks that have already paid CGST/SGST or CGST/UTGST on such supplies need not pay IGST for amounts already discharged.
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: IGST applies to trading of Priority Sector Lending Certificates on e-Kuber, except where CGST/SGST already paid.
PSLC trades on the e-Kuber platform are treated as a supply of goods in the course of inter-State trade or commerce, making IGST payable on such supplies for both the forward-charge and reverse-charge periods; banks that have already paid CGST/SGST or CGST/UTGST on such supplies need not pay IGST for amounts already discharged.
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