GST Updates by CA Rahul Gupta

Notification Notification 13/2017 Central Tax Rate Provides list of services on which GST is to be paid on reverse charge basis as amended by 22/2017 central tax rate, 33/2017 central tax rate, 03/2018 central tax rate, 15/2018 central tax rate, 29/2018 central tax rate, 05/2019 central tax rate, 22/2019 central tax rate

Financial Year: 2017

Dear Friends

Notification No 13/2017 central tax rate has been issued which provides for GST under reverse charge on following services:-

(1) Goods Transport Agency

(2) Advocate Services

(3) Arbitral Tribunal

(4) Sponsorship Services

(5) Some services provided by Central Govt and others

(6) Services Provided by Independent Director

(7) Insurance Agent Services

(8) Recovery Agent Services

(9) Author or Music Composer, Photographer services.

Please download the notification 13/2017 from below PDF Image

Notification No 22/2017 amends earlier notification no 13/2017

A amendment in this notification has been made by Notification No 22/2017 Central Tax Rate on 22nd August 2017 which has made amendment in GTA Service "It excludes reverse charge under GTA Service, if GTA is discharging CGST liability at 6%

Please download the notification 22/2017 from below PDF Image.

Notification No 33/2017 amends earlier notification no 13/2017

A amendment in this notification has been made by Notification No 33/2017 Central Tax Rate on 13th Oct 2017 which has brought a new service under reverse charge

i.e. services provided by members of overseeing committee to Reserve bank of India,

In this case GST is to be paid under reverse charge by Reserve Bank of India

Please download the notification33/2017 from below PDF Image.

Notification No 3/2018 further amends earlier notification no 13/2017

A amendment in this notification has been made by Notification No 03/2018 Central Tax Rate on 13th Oct 2017 which has brought a new service under reverse charge

i.e. services provided by Central Govt and others to Any person Registered Under Reverse Charge in relation of renting of immovable property services.

In this case GST is to be paid under reverse charge by any person registered under GST.

Please download the notification 03/2018 from below PDF Image.

Notification No 15/2018 further amends earlier notification no 13/2017

A amendment in this notification has been made by Notification No 15/2018 Central Tax Rate on 26th July 2018 which has brought a new service under reverse charge

i.e. services provided by Individual DSA's of Bank providing services to bank will be covered under reverse charge.

In this case GST is to be paid under reverse charge by the banks and not the individual DSAs.

Please download the notification 15/2018 from below PDF Image.

Notification No 29/2018 further amends earlier notification no 13/2017

A amendment in this notification has been made by Notification No 29/2018 Central Tax Rate on 31st December 2018 which has brought 3 new service under reverse charge

i.e. business facilitator,

Agent of Business Correspondent

Security Services

In this case GST is to be paid under reverse charge by the Banking Company, Business Correspondent and a Registered person located in taxable territory respectively

Please download the notification 29/2018 from below PDF Image.

Notification No 05/2019 further amends earlier notification no 13/2017

A amendment in this notification has been made by Notification No 05/2019 Central Tax Rate on 29th March 2019 which has brought 2 new service under reverse charge

i.e. Transfer of Development Rights

Long Term lease of land

In this case GST is to be paid under reverse charge by respective promoters.

Please download the notification 05/2019 from below PDF Image.

Notification No 22/2019 further amends earlier notification no 13/2017

A amendment in this notification has been made by Notification No 22/2019 Central Tax Rate on 30th Sep 2019 which has brought 2 new service under reverse charge

i.e.renting of motor vehicles and

lending of securities services

and a amendment has also been made in composer, author and music composer services

In these case GST is to be paid under reverse charge by Body corporateor borrower who has borrowed securities.

Please download the notification 22/2019 from below PDF Image.

Notification No 29/2019 further amends earlier notification no 13/2017

A amendment in this notification has been made by Notification No 29/2019 Central Tax Rate on 31st Dec 2019

S No	Name of Services	13/2017 Central Tax Rate	10/2017 IGST Tax Rate	Amendment Notification No
1	Goods Transport Agency Services	Yes	Yes
2	Advocate Services	Yes	Yes
3	Arbitral Tribunal Services	Yes	Yes
4	Sponsorship Services	Yes	Yes
5	Selected Services provided by Central Govt and Other	Yes	Yes
5A	Services Provided by Govt of Renting of Immovable property			03/2018 Central Tax Rate wef 25th Jan 2018
5B	Transfer of development rights			05/2019 Central Tax Rate wef 1st April 2019
5C	Long Term Lease of land by promoter			05/2019 Central Tax Rate wef 1st April 2019

6	Independent Director Services	Yes	Yes
7	Services of Insurance Agent	Yes	Yes
8	Services of Recovery Agent	Yes	Yes
9	Services by Music Composer, Photographer, Artist	Yes	Yes
9A	Services Provided by Author			22/2019 Central Tax Rate wef 1st Oct 2019
10	Services by Overseeing Committee to RBI			33/2017 Central Tax Rate wef 13th Oct 2017
11	Services Provided by DSAs to Banks, NBFCs			15/2018 Central Tax Rate wef 27th July 2018
12	Services provided by business facilitator to banking company			29/2018 Central Tax Rate wef 31st Dec 2018
13	Services provided by agent of business correspondent to business correspondent			29/2018 Central Tax Rate wef 31st Dec 2018
14	Security Services provided to Registered Person			29/2018 Central Tax Rate wef 31st Dec 2018
15	Renting of Motor Vehicle by a body corporate			22/2019 Central Tax Rate wef 1st Oct 2019 as amended by 29/2019 dated 31st Dec 2019
16	Lending of Securities			22/2019 Central Tax Rate wef 1st Oct 2019

	Services Relating to Import
	Import of Service	No	Yes
	Ocean Freight Service	No	Yes

Thanks

CA Rahul Gupta