Inter-state supply of PSLCs: IGST applies to trading over e Kuber, except where CGST/SGST already paid. PSLC trading between banks on the RBI e Kuber portal is treated as a supply of goods in the course of inter State trade, making IGST payable on such supplies for the periods considered. Earlier allocation of tax liability - seller under forward charge initially and buyer under reverse charge thereafter - is acknowledged, but banks that have already paid CGST/SGST (or CGST/UTGST) need not pay IGST on those transactions.
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 PSLCs: IGST applies to trading over e Kuber, except where CGST/SGST already paid.
PSLC trading between banks on the RBI e Kuber portal is treated as a supply of goods in the course of inter State trade, making IGST payable on such supplies for the periods considered. Earlier allocation of tax liability - seller under forward charge initially and buyer under reverse charge thereafter - is acknowledged, but banks that have already paid CGST/SGST (or CGST/UTGST) need not pay IGST on those transactions.
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