Reverse charge applied to Priority Sector Lending Certificates, making registered suppliers and recipients liable for GST tax obligations. Notification amends the Jharkhand State Tax (Rate) schedule to impose reverse charge on Priority Sector Lending Certificates by inserting a new serial entry covering such certificates under any tariff chapter, with both supplier and recipient specified as any registered person, and makes the amendment effective from 28th May 2018.
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Provisions expressly mentioned in the judgment/order text.
Reverse charge applied to Priority Sector Lending Certificates, making registered suppliers and recipients liable for GST tax obligations.
Notification amends the Jharkhand State Tax (Rate) schedule to impose reverse charge on Priority Sector Lending Certificates by inserting a new serial entry covering such certificates under any tariff chapter, with both supplier and recipient specified as any registered person, and makes the amendment effective from 28th May 2018.
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