Amendment to GST Rate Notification for Priority Sector Lending Certificates

The Central Government, under the CGST Act, introduces further amendments to notification 4/2017-Central Tax (Rate). Effective immediately, a new entry is added after Serial Number 6, pertaining to Priority Sector Lending Certificates.

Any registered person can supply Priority Sector Lending Certificates to another registered person. Pramod Kumar, Deputy Secretary to the Government of India, issues the notification.

The amendment aims to streamline taxation processes and facilitate priority sector lending activities. This adjustment aligns with the government's initiatives to bolster the priority sector lending framework.

The amendment reflects the government's ongoing efforts to refine and optimize the GST structure.