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

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..... ................... No. JC (HQ)-1/GST/2019/CBIC Circular(s)/ADM-8 Mumbai, dated 17.05.2019 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 th .....

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..... 18 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. 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 .....

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