TaxTMI 
TaxTMI 
TaxTMI 
Sr. No. | Nature of Services | Supplier of Services | Recipient of Services |
1 | Supply of Services by a goods transport agency (GTA) who has not paid central tax @6% in respect of transportation of goods by road | Goods Transport Agency | (a) Any factory registered under or governed by the Factories Act, 1948; or (b) any society registered under the Societies Registration Act, 1860 or under any other law for the time being in force in any part of India; or (c) any co-operative society established by or under any law; or (d) any person registered under the GST Act, 2017; or (e) anybody corporate established, by or under any law; or (f) any partnership firm whether registered or not under any law including Association of Persons; or (g) any casual taxable person; Located in the taxable territory. |
2 | Legal Services | Individual Advocate including Senior Advocate | Business Entity located in the taxable territory who is litigant, applicant or petitioner, as the case may be, shall be treated as the person who receives the legal services. |
3 | Services supplied by Arbitral Tribunal | Arbitral Tribunal | Any business entity located in the taxable territory |
4 | Sponsorship Services | Any person | Anybody corporate or partnership firm located in the taxable territory. |
5 | Services other than - (i) Renting of immovable property services; (ii) Services provided by Department of Posts; (iii) Services in relation to aircraft or a vessel, inside or outside precincts of a port or an airport; (iv) Transport of goods or passengers | Central Government, State Government, Union Territory or Local Authority | Any business entity located in the taxable territory. |
6 | Director Services | A director of a company or a body corporate | The company or body corporate located in the taxable territory |
7 | Insurance Agency Services | Insurance Agent | Any person carrying on insurance business, located in taxable territory. |
8 | Recovery Agency | Recovery Agent | Banking Company or a financial institution, or a NBFC, located in taxable territory. |
9 | Transfer or Permitting use or enjoyment of a copyright relating to original literary, dramatic, musical or artistic work to a publisher, music company, producer or the like. | Author or Music Composer, photographer, artist or the like. | Publisher, music company, producer or the like, located in taxable territory. |
10 | Supplier of services by member of Overseas Committee | Members of Overseeing Committee constituted by the RBI | Reserve Bank of India |
11 | Import of Services | Any person located in non-taxable territory | Any person located in taxable territory other than non-taxable online recipient |
12 | Transportation of goods by vessel. Where the value of freight is not available it is deemed to be 10% of CIF. | Any person located in non-taxable territory | Importer as defined under section 2(26) of Customs Act, located in taxable territory. |
13 | Services supplied by the Central Government, State Government, Union territory or Local authority by way of renting of immovable property to a person registered under the CGST Act. | Central Government, State Government, Union territory or Local authority | Any person registered under the CGST Act, 2017 |
14 | Services provided by Business Facilitator (BF) to a banking company | Business Facilitator (BF) | A banking company, located in taxable territory |
15 | Services provided by an agent of Business Correspondent (BC)( to Business Correspondence (B2C) | Any Agent of business correspondence (BC) | A business correspondent, located in taxable territory |
16 | Security services (services provided by way of supply of security personnel) provided to a registered person. Provided that RCM will not be applicable - (i) Department or Establishments of Central or State Government or UT; or (ii) Local Authority; (iii) Governmental agencies: Which has taken registration only for the purposes of deduction of tax (iv) Registered person discharging tax liability under Composition Scheme | Any person other than a body corporate | A registered person located in taxable terrotory. |
List of services covered under reverse charge mechanism in GST
Ganeshan Kalyani
Understanding Reverse Charge Mechanism Under GST: Key Services and Liabilities for Tax Payment by Recipients The article outlines services subject to the reverse charge mechanism under GST, where the recipient, rather than the supplier, is liable to pay tax. It includes services such as those provided by goods transport agencies, legal and arbitral services, sponsorship, and director services. It also covers insurance and recovery agency services, copyright transfers, and services by members of overseas committees. Additionally, it addresses import services, transportation by vessel, renting of immovable property by government entities, and security services. The article specifies the entities involved, such as business entities, corporate bodies, and registered persons within taxable territories. (AI Summary)