Notification No. 15/2018 -GST Updates

Gist of Amendments
The Central Government has amended Reverse Charge Notification No. 13/2017-Central Tax (Rate) dated June 28, 2017 as under:
  • Services supplied by individual Direct Selling Agents (DSAs) other than body corporate, partnership or LLP to banks/ non-banking financial company (NBFCs) shall be taxed under reverse charge mechanism.
  • The definition of “renting of immovable property” has been inserted to mean “allowing, permitting or granting access, entry, occupation, use or any such facility, wholly or partly, in an immovable property, with or without the transfer of possession or control of the said immovable property and includes letting, leasing, licensing or other similar arrangements in respect of immovable property.”