The CGST (Rate) Notification No.15/2018 dated 26-07-2018 applies to Individual Direct Sales Agents (DSA) other than a body corporate, partnership or LLP. Accordingly, service recipients- Banks & NBFCs has to pay GST on Reverse Charge Mechanism.
Need expert opinion whether this notification is applicable even to the brokers. Case Laws, if any, in this connection will be appreciated
GST Reverse Charge Applies to Individual Direct Sales Agents, Not Clearly Extended to Brokers Under Notification 15/2018 Notification No.15/2018 dated 26-07-2018 under GST applies specifically to Individual Direct Sales Agents who are not bodies corporate, partnerships, or LLPs. Under this notification, service recipients such as Banks and NBFCs are required to pay GST under the Reverse Charge Mechanism. The query seeks clarification on whether this notification extends to brokers as well, requesting expert opinions and relevant case laws to determine the applicability of the notification to brokers beyond individual DSAs. (AI Summary)
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