Nature of Supply of Priority Sector Lending Certificates (PSLC).

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..... ----------------------------------- Office of the Chief Commissioner of State Tax, Edupugallu, Vijayawada. Circular No.16/2019/GST CCTs Ref.in CCW/GST/74/2015 Dt. 08.03.2019 Subject: Nature of Supply of Priority Sector Lending Certificates (PSLC) - regarding Representations have been received requesting to clarify whether IGST or CGST/ SGST is payable for trading of PSLC by the banks on .....

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..... of RBI for both periods i.e 01.07.2017 to 27.05.2018 and from 28.05.2018 onwards. However, where the bank liable to pay GST has already paid CGST/SGST or CGST/UTGST as the case may be, such banks for payment already made, shall not be required to pay IGST towards such supply. The field officers are requested to publicize the contents of this circular. Chief Commissioner (ST)
Circular, Trade .....

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