GST rate notification expands copyright, motor vehicle rental, and securities lending entries under forward charge rules. The notification amends the Uttar Pradesh GST rate table by substituting the entry for copyright-related services by music composers, photographers, artists and similar persons, and by inserting a new entry for authors supplying copyright in original literary works to publishers. The author entry operates subject to registration, a prescribed declaration, forward charge payment, compliance with GST obligations, and a restriction on withdrawal of the option for one year, together with an invoice declaration. It also inserts entries for renting of motor vehicles to body corporates and for securities lending under the SEBI scheme, effective from 1 October 2019.
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GST rate notification expands copyright, motor vehicle rental, and securities lending entries under forward charge rules.
The notification amends the Uttar Pradesh GST rate table by substituting the entry for copyright-related services by music composers, photographers, artists and similar persons, and by inserting a new entry for authors supplying copyright in original literary works to publishers. The author entry operates subject to registration, a prescribed declaration, forward charge payment, compliance with GST obligations, and a restriction on withdrawal of the option for one year, together with an invoice declaration. It also inserts entries for renting of motor vehicles to body corporates and for securities lending under the SEBI scheme, effective from 1 October 2019.
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