Seeks to amend notification No. 13/2017- Union Territory Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018. - 29/2018 - Union Territory GST (UTGST) Rate

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Reverse charge mechanism expanded to include specified financial and security services, with exclusions for certain government registrations. Amends Notification No.13/2017 to add specified services under reverse charge: business facilitator services to banking companies; agents of business correspondents to business correspondents; and security services supplied to registered persons, with exclusions for Departments/Establishments, local authorities, and governmental agencies registered only for tax deduction under section 51 and for persons under the composition scheme. Clarifies that provisions applying to Central and State Governments also apply to Parliament and State Legislatures. Effective 1 January 2019.

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Provisions expressly mentioned in the judgment/order text.

Reverse charge mechanism expanded to include specified financial and security services, with exclusions for certain government registrations.

Amends Notification No.13/2017 to add specified services under reverse charge: business facilitator services to banking companies; agents of business correspondents to business correspondents; and security services supplied to registered persons, with exclusions for Departments/Establishments, local authorities, and governmental agencies registered only for tax deduction under section 51 and for persons under the composition scheme. Clarifies that provisions applying to Central and State Governments also apply to Parliament and State Legislatures. Effective 1 January 2019.

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Seeks to amend notification No. 13/2017- Union Territory Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018. - 29/2018 - Union Territory GST (UTGST) Rate

Reverse charge mechanism expanded to include specified financial and security services, with exclusions for certain government registrations.

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Seeks to amend notification No. 13/2017- Union Territory Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018. - 29/2018 - Union Territory GST (UTGST) Rate

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Reverse charge mechanism expanded to include specified financial and security services, with exclusions for certain government registrations.

Topics