Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services supplied by the Central Government, State Government, Union territory or local authority by way of renting of immovable property to a registered person under CGST Act, 2017 to be taxed under Reverse Charge Mechanism (RCM) - 03/2018 - Central GST (CGST) Rate
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Reverse Charge Mechanism applied to government renting of immovable property to registered persons under GST. The amendment applies the Reverse Charge Mechanism to renting of immovable property supplied by Central/State/UT/local authorities to any person registered under the Central Goods and Services Tax Act, 2017, making the registered recipient liable to pay tax; it also adds that 'insurance agent' shall carry the meaning given in clause (10) of section 2 of the Insurance Act, 1938.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reverse Charge Mechanism applied to government renting of immovable property to registered persons under GST.
The amendment applies the Reverse Charge Mechanism to renting of immovable property supplied by Central/State/UT/local authorities to any person registered under the Central Goods and Services Tax Act, 2017, making the registered recipient liable to pay tax; it also adds that "insurance agent" shall carry the meaning given in clause (10) of section 2 of the Insurance Act, 1938.
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