Notification No. 03/2018 Integrated Tax (Rate) DT on 25th January, 2018, GST

 

Seeks to amend notification No. 10/2017- Central Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge Mechanism (RCM).

 

The Extract of GST Notification No. 03/2018 – Integrated Tax (Rate) is given below:

 

             Notification No. 03/2018 – Integrated Tax (Rate), GST

 

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,

 

SECTION 3, SUB-SECTION (i)]

 

Government of India

 

Ministry of Finance

 

(Department of Revenue)

 

Notification No. 3/2018- Integrated Tax (Rate)

 

New Delhi, the 25^th January, 2018

 

GSR......(E).- 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.10/2017- Integrated Tax (Rate), dated the 28^thJune, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 685(E), dated the 28^thJune, 2017, namely:-

 

In the said notification, -

 

(i)     in the Table, after serial number 6 and the entries relating thereto, the following serial number and the entries relating thereto shall be inserted, namely: -

 

(1)	(2)	(3)		(4)
“6A	Services supplied by the Central Government, State	Central	Any		person
	Government,  Union  territory  or  local  authority  by	Government,	registered
	way of renting of immovable property to a person	State	under			the
	registered under the Central Goods and Services Tax	Government,	Central		Goods
	Act, 2017 (12 of 2017).	Union	and	Services
		territory   or	Tax Act, 2017
		local	read		with
		authority	clause	(v)		of
			section		20	of
			Integrated
			Goods			and
			Services			Tax
			Act, 2017.”;