Nature of Supply of Priority Sector Lending Certificates (PSLC)

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..... T/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 ra .....

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..... and not meant for any interpretation of provisions of the Act and rules. 5. Difficulties, if any, in implementation of the above instructions may be brought to the notice of the Commissioner at an early date. 6. This Circular shall be deemed to have come into force on the 8th March, 2019. Sd/- Anurag Goel, IAS., Commissioner of State tax, Assam, Dispur, Guwahati
Circular, Trade Notice, P .....

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