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

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 26th 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 28thJune, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 704(E), dated the 28thJune, 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,

with or without the transfer of possession or control of the said immovable property and 

includes letting, leasing, licensing or other similar arrangements in respect of immovable 

property.’. 

 

2. This notification shall come into force with effect from 27th of July, 2018.

 

[F. No. 354/13/2018- TRU] 

(Gunjan Kumar Verma)

Under Secretary to the Government of India

 

Note: -The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 13/2017 - Union Territory Tax (Rate), dated the 28th June, 2017, vide number G.S.R. 704 (E), dated the 28thJune, 2017 and was last amended by notification No. 3/2018 - Union Territory Tax (Rate), dated the 25th January, 2018 vide number G.S.R. 77 (E), dated the 25th January, 2018.

 

 

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