Nature of Supply of Priority Sector Lending Certificates (PSLC)

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Full Text of the Document

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.... of Priority Sector Lending Certificates (PSLC) - regarding This Circular seeks to clarify whether IGST or CGST/ SGST is payable for trading of PSLC by the banks on e-Kuber portal of RBI. 2. In this regard, it is stated that Circular was issued vide No. 477/GST-2 dated 20.02.2019 clarifying that GST on PSLCs for the period 1.7.2017 to 27.05.2018 will be paid by the seller bank on forward charge ....