Applicable GST rate on Priority Sector Lending Certificates (PSLCs) Renewable Energy Certificates (RECs) and other similar scrips

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....c.in Dated: 11^th  June, 2018 CIRCULAR (No. 12/2018-19-GST) Subject: Applicable GST rate on Priority Sector Lending Certificates (PSLCs) Renewable Energy Certificates (RECs) and other similar scrips -regarding Representations have  been received seeking clarification regarding the classification and applicable GST rate on the Renewable Energy Certificates (RECs) and Priori....

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....Extraordinary Official Gazette Series I No.13 dated 30.06.2017. 4.  As a result, there is lack of clarity on the applicable rate of GST on various scrips/ certificates like RECs, PSLCs etc. 5. The matter has been re-examined. GST rate of 18 % under the residual entry at S.No. 453 of Schedule III of notification No. 38/1/2017-Fin(R&C)(1/2017-Rate) published in the Extraordinary Official ....

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....2017-Fin(R&C)(35/2017-Rate)/3590 published in the Extraordinary Official Gazette Series I No.30 dated 24.10.2017}. 7. Accordingly, in modification of S.No. 3 of Circular No. 02/2018-19-GST dated 27.04.2018, it is hereby clarified that Renewable Energy Certificates (RECs) and Priority Sector Lending Certificates (PSLCs) and other similar documents are classifiable under heading 4907 and attract ....