Reverse charge on Priority Sector Lending Certificates makes the recipient liable for GST on such supplies. The amendment adds Priority Sector Lending Certificate, under any tariff chapter, to the notified supplies subject to the reverse charge mechanism, specifying that both supplier and recipient are any registered person, thereby making the recipient liable for tax collection under the reverse charge framework.
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Provisions expressly mentioned in the judgment/order text.
Reverse charge on Priority Sector Lending Certificates makes the recipient liable for GST on such supplies.
The amendment adds Priority Sector Lending Certificate, under any tariff chapter, to the notified supplies subject to the reverse charge mechanism, specifying that both supplier and recipient are any registered person, thereby making the recipient liable for tax collection under the reverse charge framework.
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