The Central Government of India Vide Notification No: 15/2018 Central Tax (Rate) dated July 26, 2018,has further amended the N. No. 13/2017 Central Tax Rate dated June 28, 2018 i.e. (category of services on which tax will be payable under reverse charge mechanism (RCM) under section 9(3) of the CGST Act, 2017) by inserting serial no 11 after serial no 10 in the following manner:
| Sr. No | Category of Supply of Services | Supplier of Service | Recipient of Service |
| “11 |
Services supplied by individual Direct Selling Agents (DSAs) other than a body corporate, partnership or limited liability partnership firm to bank or non-banking financial company (NBFCs). |
Individual Direct Selling Agents (DSAs) other than a body corporate, partnership or limited liability partnership firm. |
A banking company or a non-banking financial company, located in the taxable territory.”; |
Further, in the Explanation, after clause (f), the following clause shall be inserted, namely: –
Clause ‘(g) “renting of immovable property” means 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.’
Note: This notification shall come into force with effect from July 27, 2018.