Seeks to amend notification No. 04/2017- Integrated Tax (Rate) dated 28.06.2017 so as to notify levy of Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) - 12/2018 - Integrated GST (IGST) Rate
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Reverse Charge Mechanism applied to Priority Sector Lending Certificates, making IGST payable by registered recipients. Priority Sector Lending Certificates are inserted into the IGST rate schedule as goods described under 'Any Chapter,' with supplier and recipient both being any registered person; the amendment notifies levy of IGST on PSLCs under the reverse charge mechanism, making the registered recipient liable to pay tax.
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 IGST payable by registered recipients.
Priority Sector Lending Certificates are inserted into the IGST rate schedule as goods described under "Any Chapter," with supplier and recipient both being any registered person; the amendment notifies levy of IGST on PSLCs under the reverse charge mechanism, making the registered recipient liable to pay tax.
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