Seeks to amend notification No. 1128-F.T., dated 28.06.2017 so as to notify levy of Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) - 11/2018-State Tax (Rate) - West Bengal SGST
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Reverse Charge: Priority Sector Lending Certificates made taxable between registered persons under state GST, recipient liable to discharge tax. Inserts Priority Sector Lending Certificate into the state GST notification as subject to the reverse charge mechanism, designating both supplier and recipient as any registered person and making the recipient liable to discharge tax under reverse charge; the amendment is operative with retrospective effect from the notification's stated commencement date.
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: Priority Sector Lending Certificates made taxable between registered persons under state GST, recipient liable to discharge tax.
Inserts Priority Sector Lending Certificate into the state GST notification as subject to the reverse charge mechanism, designating both supplier and recipient as any registered person and making the recipient liable to discharge tax under reverse charge; the amendment is operative with retrospective effect from the notification's stated commencement date.
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