CBEC notifies levy of GST on Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) vide Notification No. 11/2018- Union Territory Tax (Rate) dated 28th May 2018 by amending notification No. 04/2017- Union Territory Tax (Rate) dated 28.06.2017
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 11/2018-Union Territory Tax (Rate)
New Delhi, the May 28th 2018
G.S.R. 505(E).- In exercise of the powers conferred by sub-section (3) of section 7 of the Union Territory Goods and Services Tax Act, 2017 (14 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- Union Territory 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. 713 (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]
(Pramod Kumar)
Deputy Secretary to Government of India
Note: – The principal notification No. 04/2017- Union Territory Tax (Rate) dated 28.06.2017, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 713(E), dated the 28th June, 2017 and last amended by Notification No. 43/2017- Union Territory Tax(Rate) dated 14th November, 2017 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 1399 (E), dated the 14th November, 2017.
