https://www.taxtmi.com/forum/issue?id=120290 Notification No. 15/2018-Central Tax (Rate) applies only to services supplied by an individual Direct Selling Agent to a banking company or NBFC, with tax payable under reverse charge mechanism. A broker is not expressly covered; the decisive test is whether the broker in substance performs the functions of an individual DSA, such as sourcing customers or facilitating financial products for banks or NBFCs. If not, the notification does not apply and GST is payable under the forward charge mechanism. en-us Fri, 25 Jul 2025 22:41:52 +0530 Tue, 07 Apr 2026 22:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120290 Notification No. 15/2018-Central Tax (Rate) applies only to services supplied by an individual Direct Selling Agent to a banking company or NBFC, with tax payable under reverse charge mechanism. A broker is not expressly covered; the decisive test is whether the broker in substance performs the functions of an individual DSA, such as sourcing customers or facilitating financial products for banks or NBFCs. If not, the notification does not apply and GST is payable under the forward charge mechanism. Discussion-Forum GST Fri, 25 Jul 2025 22:41:52 +0530 https://www.taxtmi.com/forum/issue?id=120290