Priority
Sector Lending Covered under Reverse Charge Mechanism
[Notification
No. 11/2018-Central Tax (Rate) dated 28 May 2018]
Seeks to amend notification No. 04/2017- Central Tax (Rate) dated
28.06.2017 so as to notify levy of Priority Sector Lending Certificate (PSLC)
under Reverse Charge Mechanism (RCM)
In
exercise of the powers conferred by sub-section (3) of section 9 of the Central
Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the
recommendations of the Council, hereby makes the following further amendments
in the notification of the Government of India in the Ministry of Finance
(Department of Revenue), No.4/2017-Central
Tax (Rate), dated the 28th June, 2017, published in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i),
vide number G.S.R. 676 (E), dated the 28th June, 2017, namely:-
In the said
notification, after S. No. 6 and the entries relating thereto, the following
serial number and the entries shall be inserted, namely: -
Table
|
S. No. |
Tariff item, sub-heading, heading or Chapter |
Description of Goods |
Supplier of goods |
Recipient of supply |
|
(1) |
(2) |
(3) |
(4) |
(5) |
|
7. |
Any
Chapter |
Priority
Sector Lending Certificate |
Any
registered person |
Any
registered person |
[F. No. 354/124/2018- TRU]
[Notification
No. 12/2018-Integrated Tax (Rate) dated 28 May 2018]
Seeks to amend notification No. 04/2017- Integrated Tax (Rate)
dated 28.06.2017 so as to notify levy of Priority Sector Lending Certificate
(PSLC) under Reverse Charge Mechanism (RCM).
In exercise
of the powers conferred by sub-section (3) of section 5 of the Integrated Goods
and Services Tax Act, 2017 (13 of 2017), the Central Government, on the
recommendations of the Council, hereby makes the following further amendments
in the notification of the Government of India in the Ministry of Finance
(Department of Revenue), No.4/2017-
Integrated Tax (Rate), dated the 28th June, 2017, published in the Gazette
of India, Extraordinary, Part II, Section 3, Sub-section (i),
vide number G.S.R. 669 (E), dated the 28th June, 2017, namely:-
In the said
notification, after S. No. 6 and the entries relating thereto, the following
serial number and the entries shall be inserted, namely: -
Table
|
S. No. |
Tariff item, sub-heading, heading or Chapter |
Description of Goods |
Supplier of goods |
Recipient of supply |
|
(1) |
(2) |
(3) |
(4) |
(5) |
|
7. |
Any
Chapter |
Priority
Sector Lending Certificate |
Any
registered person |
Any
registered person |
[F. No. 354/124/2018- TRU]