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<h1>Taxation of services by individual Direct Selling Agents now applies when supplied to banks and NBFCs.</h1> 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.