https://www.taxtmi.com/circulars?id=71470 GST treatment of PSLCs traded between banks through the RBI e-Kuber portal treats the transactions as inter-State supplies of goods, attracting IGST. Seller banks bear GST under forward charge for supplies made from 1 July 2017 to 27 May 2018, while buyer banks bear GST under reverse charge from 28 May 2018. No additional IGST is required where the liable bank has already paid CGST and SGST, or CGST and UTGST, on the relevant supply. en-us Wed, 13 Mar 2019 00:00:00 +0530 Mon, 28 Sep 2026 10:05:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71470 GST treatment of PSLCs traded between banks through the RBI e-Kuber portal treats the transactions as inter-State supplies of goods, attracting IGST. Seller banks bear GST under forward charge for supplies made from 1 July 2017 to 27 May 2018, while buyer banks bear GST under reverse charge from 28 May 2018. No additional IGST is required where the liable bank has already paid CGST and SGST, or CGST and UTGST, on the relevant supply. Circulars GST - States Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71470