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<h1>GST treatment of scrips clarified: applicable rate for PSLCs, RECs and similar instruments addressed under circular guidance</h1> Clarification addresses the GST treatment of tradable scrips, specifying the applicable tax rate and exemption status for Priority Sector Lending Certificates (PSLCs), Renewable Energy Certificates (RECs) and analogous duty credit scrips, as reflected in the circular and incorporated into the integrated tax schedule by notification.