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of <h1>India Amends GST Rules: Reverse Charge Mechanism for Services by Overseeing Committee to RBI Introduced.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 34/2017 to amend Notification No. 10/2017-IT(R) under the Integrated Goods and Services Tax Act, 2017. This amendment introduces a provision for the reverse charge mechanism (RCM) for services provided by members of the Overseeing Committee to the Reserve Bank of India (RBI). The amendment adds a new entry in the notification table, specifying that the supply of services by these committee members to the RBI will be subject to this mechanism.
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