Union territory tax (Rate) Notification No. 15 of 2018 DT 26th July, 2018, GST

  

Seeks to amend notification No. 13/2017- Union Territory Tax (Rate) so as to specify services supplied by individual Direct Selling Agents (DSAs) to banks/ non-banking financial company (NBFCs) to be taxed under Reverse Charge Mechanism (RCM). 

The Extract of GST Notification No. 15/2018-Union territory tax (Rate) is Given below: 

  Notification No. 15/2018 – Union territory 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. 15/2018- Union Territory Tax (Rate)

 

New Delhi, the 26^th July, 2018

 

GSR......(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.13/2017- Union Territory 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. 704(E), dated the 28^thJune, 2017, namely:-

 

In the said notification, -

 

(i)                 in the Table, after serial number 10 and the entries relating thereto, the following serial number and entries shall be inserted, namely: - 

 

(1)		(2)					(3)		(4)
“11   Services		supplied		by	Individual		Direct	Selling	A banking company or a
individual		Direct	Selling		Agents (DSAs) other than				non-banking	financial
Agents (DSAs) other than					a	body	corporate,		company,  located  in  the
a	body	corporate,			partnership		or	limited	taxable territory.”;
partnership		or	limited		liability partnership firm.

 liability   partnership   firm to  bank   or   non-banking financial company (NBFCs) 

 

(ii)              in the Explanation, after clause (f), the following clause shall be inserted, namely: - 

‘(g) “renting of immovable property”  means  allowing, permitting or  granting access, 

entry, occupation, use or any such facility, wholly or partly, in an immovable property,