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

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..... 19 Trade Circular (GST) No. 28T of 2019. Sub. : Nature of Supply of Priority Sector Lending Certificates (PSLC). Sir/Gentlemen/Madam, 1. 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. 22T of 2019 dated 17th May 2019 was issued clarifying .....

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..... lready made, shall not be required to pay IGST towards such supply. 4. This Circular is clarificatory in nature and hence cannot be made use of interpretation of provisions of the law. Difficulty if any, in this implementation of this Circular may be brought to the notice of the Office of the Commissioner of State Tax, Maharashtra State. Yours faithfully, (Rajiv Jalota) Commissioner of Sta .....

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