Services by individual Direct Selling Agents clarified as supply to banks and NBFCs under amended notification. Amendment inserts a new table entry recognising services supplied by individual Direct Selling Agents who are not bodies corporate, partnerships or limited liability partnerships when provided to banking companies or non-banking financial companies in the taxable territory, and adds an Explanation defining renting of immovable property to include permitting access, occupation or use, with or without transfer of possession, including letting, leasing and licensing; the amendment is issued by the executive authority and made effective from the instrument's stated commencement date.
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Provisions expressly mentioned in the judgment/order text.
Services by individual Direct Selling Agents clarified as supply to banks and NBFCs under amended notification.
Amendment inserts a new table entry recognising services supplied by individual Direct Selling Agents who are not bodies corporate, partnerships or limited liability partnerships when provided to banking companies or non-banking financial companies in the taxable territory, and adds an Explanation defining renting of immovable property to include permitting access, occupation or use, with or without transfer of possession, including letting, leasing and licensing; the amendment is issued by the executive authority and made effective from the instrument's stated commencement date.
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