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

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..... ONER OF STATE TAX Dated: 23.04.2019 Circular No. 63/2019-TNGST (RC No.26/2019/A1/Taxation) Sub: Clarification on Nature of Supply of Priority Sector Lending Certificates (PSLC). Representations have been received requesting to clarify whether IGST or CGST/ TNGST is payable for trading of PSLC by the banks on e-Kuber portal of RBI. 2. .....

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..... where the bank liable to pay GST has already paid CGST/SGST as the case may be, such banks for payment already made, shall not be required to pay IGST towards such supply. 4. This pari materia circular is issued with reference to the circular issued by the Government of India on the recommendation of the GST Council in the reference cited. Sd/-T.V. Somanathan Commis .....

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