Notification No. 11/2018
Date: August 28, 2018
Subject: Notification of Priority Sector Lending Certificates (PSLC) under reverse charge mechanism.
Description:
This notification amends Notification No. 4/2017–Central Tax (Rate) to notify supply of Priority Sector Lending Certificates as a category liable to GST under reverse charge mechanism. The tax liability is shifted to the recipient, ensuring compliance in inter-bank PSLC transactions.
Issued for earlier notification?
Yes — amends Notification No. 4/2017–Central Tax (Rate).