Priority Sector Lending Certificates, Renewable Energy Certificates Attract Nil GST: CBIC - 08.06.2018

Central Board of Indirect Taxes and Customs (CBIC) has clarified that Renewable Energy Certificates (RECs), Priority Sector Lending Certificates (PSLCs) & other similar documents are classifiable under heading 4907 and attract 12% GST. The duty credit scrips, however, attract Nil GST.

Tags : Goods and Services Tax

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