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Seeks to amend notification No. 04/2017- Union Territory Tax (Rate) dated 28.06.2017 so as to notify levy of Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) - 11/2018 - Union Territory GST (UTGST) Rate
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Reverse charge on Priority Sector Lending Certificates applies to supplies between registered persons under UTGST rate notification. Amends Notification No.4/2017 by inserting a new entry that notifies Priority Sector Lending Certificate as a taxable item under Any Chapter, with both supplier and recipient specified as any registered person, thereby bringing such certificates within the Union Territory GST rate framework for registered persons.
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 on Priority Sector Lending Certificates applies to supplies between registered persons under UTGST rate notification.
Amends Notification No.4/2017 by inserting a new entry that notifies Priority Sector Lending Certificate as a taxable item under Any Chapter, with both supplier and recipient specified as any registered person, thereby bringing such certificates within the Union Territory GST rate framework for registered persons.
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