Inter-State supply of PSLC clarified for GST, with IGST payable and prior state tax payment protected. Priority Sector Lending Certificates (PSLC) supplied between banks are treated as inter-State supply, with IGST payable on such supply for the specified periods and thereafter. Where banks have already paid CGST/SGST or CGST/UTGST on the same supply, IGST is not required to be paid. The communication also notes earlier guidance that had applied forward charge treatment and GST on PSLC supply.