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of <h1>Amendment to Notification 13/2017: DSAs to Banks/NBFCs Taxed Under RCM; Clarifies Property Renting Definition, Retroactive July 2018.</h1> The notification amends Notification No. 13/2017 to specify that services provided by individual Direct Selling Agents (DSAs), excluding corporate entities, partnerships, or LLPs, to banks or non-banking financial companies (NBFCs) will be taxed under the Reverse Charge Mechanism (RCM). The amendment adds a new entry to the existing notification, detailing the applicable parties and services. Additionally, the definition of 'renting of immovable property' is clarified, covering various forms of property access and use. This amendment is retroactively effective from July 27, 2018.
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