Priority lending certificates come under 18 per cent GST: Government

The government has clarified that priority lending certificates of banks are in the nature of goods and liable to tax at the rate of 18% under GST . Experts say by extension things like bitcoins , carbon credits , etc. could become taxable under the GST. “It has also been clarified that priority sector lending certificates are subject to GST as 'goods' which could have ramifications on things like…