Tax applicability on specified services clarified: BF, BC agents and security services included; registration-only deductors excluded. The notification amends the SGST rate schedule by (i) inserting a proviso that excludes goods transport agency services provided to government departments, local authorities or governmental agencies that are registered solely for tax deduction under section 51; (ii) adding entries covering services by business facilitators to banking companies, agents of business correspondents to business correspondents, and supply of security personnel to registered persons subject to exceptions including recipients registered only for deduction under section 51 and taxpayers under section 10; and (iii) extending application to Parliament and State Legislatures. The amendments commence on 1 January 2019.
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Tax applicability on specified services clarified: BF, BC agents and security services included; registration-only deductors excluded.
The notification amends the SGST rate schedule by (i) inserting a proviso that excludes goods transport agency services provided to government departments, local authorities or governmental agencies that are registered solely for tax deduction under section 51; (ii) adding entries covering services by business facilitators to banking companies, agents of business correspondents to business correspondents, and supply of security personnel to registered persons subject to exceptions including recipients registered only for deduction under section 51 and taxpayers under section 10; and (iii) extending application to Parliament and State Legislatures. The amendments commence on 1 January 2019.
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