Reverse charge on rental services: government supply of immovable property to registered persons attracts recipient tax liability. The notification designates renting of immovable property supplied by the Central Government, State Government, Union territory or local authority to a person registered under the Andhra Pradesh Goods and Services Tax Act, 2017 as subject to the reverse charge mechanism, identifying the supplier and recipient classes and giving the amendment retrospective effect. It further adds that 'insurance agent' shall have the same meaning as in clause (10) of section 2 of the Insurance Act, 1938.
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Reverse charge on rental services: government supply of immovable property to registered persons attracts recipient tax liability.
The notification designates renting of immovable property supplied by the Central Government, State Government, Union territory or local authority to a person registered under the Andhra Pradesh Goods and Services Tax Act, 2017 as subject to the reverse charge mechanism, identifying the supplier and recipient classes and giving the amendment retrospective effect. It further adds that "insurance agent" shall have the same meaning as in clause (10) of section 2 of the Insurance Act, 1938.
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