Seeks to amend notification No. 13/2017- Central Tax (Rate) so as to specify services supplied by individual Direct Selling Agents (DSAs) to banks/ non-banking financial company (NBFCs) to be taxed under Reverse Charge Mechanism (RCM) - 15/2018 - Central GST (CGST) Rate

Reverse Charge Mechanism: services by individual DSAs to banks and NBFCs made taxable under RCM.

Amends the CGST Rate notification to make services supplied by individual Direct Selling Agents (excluding corporate, partnership and LLP forms) to banking companies and non-banking financial companies located in the taxable territory subject to tax under the Reverse Charge Mechanism, placing tax incidence on the recipient. Also inserts an Explanation defining renting of immovable property to include access, occupation, use or similar arrangements, with or without transfer of possession or control.