Nature of supply of Priority Sector Lending Certificates clarified; states directed to adopt central circular for uniform GST treatment. The Department of Revenue, Tax Research Unit issued a clarification on the GST characterisation of Priority Sector Lending Certificates (PSLC) to ensure consistent treatment across field formations; the Chief Commissioner of State Tax directs all state tax officers to follow that circular for uniform implementation in assessment, registration and other GST processes concerning PSLCs.
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Nature of supply of Priority Sector Lending Certificates clarified; states directed to adopt central circular for uniform GST treatment.
The Department of Revenue, Tax Research Unit issued a clarification on the GST characterisation of Priority Sector Lending Certificates (PSLC) to ensure consistent treatment across field formations; the Chief Commissioner of State Tax directs all state tax officers to follow that circular for uniform implementation in assessment, registration and other GST processes concerning PSLCs.
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