Inter-state supply determination: IGST applies to trading of PSLCs on the RBI e-Kuber portal, overriding prior CGST/SGST payments. The supply of PSLCs between banks is treated as a supply of goods in the course of inter-State trade or commerce; accordingly IGST shall be payable on PSLC trades conducted on the RBI e-Kuber portal for both the earlier forward-charge period and the later reverse-charge period. Banks that have already paid CGST/SGST or CGST/UTGST for such supplies are not required to pay IGST for those payments.
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 determination: IGST applies to trading of PSLCs on the RBI e-Kuber portal, overriding prior CGST/SGST payments.
The supply of PSLCs between banks is treated as a supply of goods in the course of inter-State trade or commerce; accordingly IGST shall be payable on PSLC trades conducted on the RBI e-Kuber portal for both the earlier forward-charge period and the later reverse-charge period. Banks that have already paid CGST/SGST or CGST/UTGST for such supplies are not required to pay IGST for those payments.
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