Seeks to amend notification No. 04/2017- Central Tax (Rate) dated 28.06.2017 so as to notify levy of Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) - 11/2018 - Central GST (CGST) Rate
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Reverse Charge Mechanism applied to Priority Sector Lending Certificates making the recipient registered person liable for CGST. Notification No. 11/2018 amends Notification No. 4/2017 to treat Priority Sector Lending Certificates as a taxable supply and to place tax liability on the recipient under the Reverse Charge Mechanism, specifying both supplier and recipient as any registered person and effectuating the change under section 9(3) of the Central GST Act.
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.
Reverse Charge Mechanism applied to Priority Sector Lending Certificates making the recipient registered person liable for CGST.
Notification No. 11/2018 amends Notification No. 4/2017 to treat Priority Sector Lending Certificates as a taxable supply and to place tax liability on the recipient under the Reverse Charge Mechanism, specifying both supplier and recipient as any registered person and effectuating the change under section 9(3) of the Central GST Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
