Reverse charge on priority sector lending certificates makes registered persons liable to pay GST on such supplies. Imposition of reverse charge shifts tax liability for supplies of Priority Sector Lending Certificate to the recipient where both supplier and recipient are registered persons, by inserting a new taxable entry into the State GST notification capturing these instruments as subject to reverse charge under the intra state GST framework.
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 makes registered persons liable to pay GST on such supplies.
Imposition of reverse charge shifts tax liability for supplies of Priority Sector Lending Certificate to the recipient where both supplier and recipient are registered persons, by inserting a new taxable entry into the State GST notification capturing these instruments as subject to reverse charge under the intra state GST framework.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
