GST treatment for services by individual direct selling agents to banks and NBFCs clarified by notification amendment. The amendment adds a new table entry classifying services supplied by individual Direct Selling Agents (not bodies corporate, partnerships or LLPs) to banking companies or non-banking financial companies located in the taxable territory, and inserts an Explanation clause defining 'renting of immovable property' to include permitting access, occupation, use or similar arrangements with or without transfer of possession or control; the notification is effective from 27th 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.
GST treatment for services by individual direct selling agents to banks and NBFCs clarified by notification amendment.
The amendment adds a new table entry classifying services supplied by individual Direct Selling Agents (not bodies corporate, partnerships or LLPs) to banking companies or non-banking financial companies located in the taxable territory, and inserts an Explanation clause defining "renting of immovable property" to include permitting access, occupation, use or similar arrangements with or without transfer of possession or control; the notification is effective from 27th July, 2018.
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