https://www.taxtmi.com/circulars?id=71609 RECs, PSLCs and other similar documents are classified as goods under heading 4907 and attract GST at 12%. The residual 18% entry applies only where goods are not covered by another specified schedule entry and cannot displace the rate fixed by specific tariff coverage. Duty credit scrips classified under the same heading remain subject to nil GST under a specific exemption entry. Earlier residual-rate treatment of PSLCs is modified accordingly. en-us Wed, 27 Jan 2021 00:00:00 +0530 Thu, 15 Oct 2026 18:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71609 RECs, PSLCs and other similar documents are classified as goods under heading 4907 and attract GST at 12%. The residual 18% entry applies only where goods are not covered by another specified schedule entry and cannot displace the rate fixed by specific tariff coverage. Duty credit scrips classified under the same heading remain subject to nil GST under a specific exemption entry. Earlier residual-rate treatment of PSLCs is modified accordingly. Circulars GST - States Wed, 27 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71609