Taxation of services by individual Direct Selling Agents now applies when supplied to banks and NBFCs. Inserts a new taxable entry for services by individual Direct Selling Agents (excluding bodies corporate, partnerships, or LLPs) when supplied to a banking company or a non-banking financial company in the taxable territory, and adds an explanation defining 'renting of immovable property' to include letting, leasing, licensing or similar arrangements with or without transfer of possession or control; effective from 27 July 2018.
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.
Taxation of services by individual Direct Selling Agents now applies when supplied to banks and NBFCs.
Inserts a new taxable entry for services by individual Direct Selling Agents (excluding bodies corporate, partnerships, or LLPs) when supplied to a banking company or a non-banking financial company in the taxable territory, and adds an explanation defining "renting of immovable property" to include letting, leasing, licensing or similar arrangements with or without transfer of possession or control; effective from 27 July 2018.
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