Circular No. 46/20/2018-GST dated 06.06.2018 issued by Department of Revenue, Tax Research Unit


Circular No. 46/20/2018-GST dated 06.06.2018 issued by Department of Revenue, Tax Research Unit
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Wednesday, June 6, 2018
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Dear all,

Your association is in receipt of a Circular No. 46/20/2018-GST dated 06th June 2018 issued by the Department of Revenue, Tax Research Unit, Ministry of Finance, Government of India, New Delhi, regarding Applicable GST rate on Priority Sector Lending Certificates (PSLCs), Renewable Energy Certificates (RECs) and other similar scrips.   

Vide the circular, it is informed that Sr. No. 3 of Circular No. 34/8/2018-GST dated 01.03.2018 is modified and the Renewable Energy Certificates (RECs), Priority Sector Lending Certificates (PSLCs) and other similar documents are classifiable under heading 4907 and attract 12% GST. The duty credit scrips, however, attract Nil GST under S.No. 122A of Notification No. 2/2017-Central Tax (Rate) dated 28.06.2017.

For more details please go through the attachment.

Thanking you, 
With regards,

For Silvassa Industries & Manufacturers Association

Narendra Trivedi, 
Secretary


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