Seeks to amend notification No. 10/2017-IT(R) regarding services provided by Overseeing Committee members to RBI - reverse charge mechanism (RCM) - 34/2017 - Integrated GST (IGST) Rate

Supply of services by Overseeing Committee members added to IGST rate schedule, specifying treatment for supplies to RBI.

Amendment inserts a new entry in the IGST rate notification identifying Supply of services by the members of Overseeing Committee to Reserve Bank of India, naming the supplier class as Members of Overseeing Committee constituted by the Reserve Bank of India and the recipient as the Reserve Bank of India, thereby adding a specific row to the IGST Rate table under the Central Government's power under section 5(3) of the IGST Act.