Subject
Levy of GST on Priority Sector Lending Certificates (PSLC)
Content
Representations have been received requesting to clarify the following: (i) Mechanism for discharge of tax liability on trading of Priority Sector Lending Certificate (PSLC) for the period 1.7.2017 to 27.5.2018. (ii) GST rate applicable on trading of PSLCs. 2. The representations have been examined. With the approval of the GST Implementation Committee of the GST Council, it is clarifi…