Reverse charge applied to Priority Sector Lending Certificates, shifting GST liability to registered recipients for specified supplies. The notification amends a prior GST notification to add Priority Sector Lending Certificate as a taxable supply subject to the reverse charge mechanism, specifying that the supplier may be any registered person and the recipient any registered person, thereby making the recipient liable for tax under the amended entry; the amendment takes effect from the commencement date stated in the notification.
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Provisions expressly mentioned in the judgment/order text.
Reverse charge applied to Priority Sector Lending Certificates, shifting GST liability to registered recipients for specified supplies.
The notification amends a prior GST notification to add Priority Sector Lending Certificate as a taxable supply subject to the reverse charge mechanism, specifying that the supplier may be any registered person and the recipient any registered person, thereby making the recipient liable for tax under the amended entry; the amendment takes effect from the commencement date stated in the notification.
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