Reverse charge on services by individual DSAs to banks and NBFCs, shifting tax liability to the recipient. The notification inserts a new entry subjecting services supplied by individual Direct Selling Agents (not body corporates, partnerships or LLPs) to banks or non-banking financial companies in the taxable territory to tax under the reverse charge mechanism, placing liability on the banking company or NBFC. It also adds a definition of 'renting of immovable property' to include allowing access, occupation, use or similar arrangements, with or without transfer of possession or control, encompassing letting, leasing and licensing.
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 on services by individual DSAs to banks and NBFCs, shifting tax liability to the recipient.
The notification inserts a new entry subjecting services supplied by individual Direct Selling Agents (not body corporates, partnerships or LLPs) to banks or non-banking financial companies in the taxable territory to tax under the reverse charge mechanism, placing liability on the banking company or NBFC. It also adds a definition of "renting of immovable property" to include allowing access, occupation, use or similar arrangements, with or without transfer of possession or control, encompassing letting, leasing and licensing.
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