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Nature of Supply of Priority Sector Lending Certificates (PSLC)

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Full Text of the Document

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..../GST-15/2017/323.- Representations have been received requesting 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 No. 21/2018-GST dated 18.09.2018 was issued clarifying that GST on PSLCs for the period 01.07.2017 to 27.05.2018 will be paid by the seller bank on forward charge basis and GST rat....