Notification No. 30/2018 Integrated Tax (Rate) DT on 31st December, 2018, GST

 

Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018. 

  The Extract of GST Notification No. 30/2018 – Integrated Tax (Rate) is given below: 

               Notification No. 30/2018 – Integrated Tax (Rate), GST

 

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (i)] 

Government of India 

Ministry of Finance 

(Department of Revenue) 

Notification No. 30/2018- Integrated Tax (Rate) 

New Delhi, the 31^st December, 2018

 

GSR......(E).- In exercise of the powers conferred by sub-section (3) of section 5  of  the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No.10/2017- Integrated Tax (Rate), dated the 28^th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 685(E), dated the 28^th June, 2017, namely:-

 

In the said notification,-

 

(i)            in the Table,-

 

(a)against serial number 2, in the entry in column (2), after item (g), the following proviso shall be inserted, namely: - 

“Provided that nothing contained in this entry shall apply to services provided by a goods transport agency, by way of transport of goods in a goods carriage by road, to, - 

(a)      a Department or Establishment of the Central Government or State Government or Union territory; or

(b)  local authority; or 

(c)  Governmental agencies, which has taken registration under the Central Goods and Services Tax Act, 2017 (12 of 2017) only for the purpose of deducting tax under section 51 and not for making a taxable supply of goods or services.”;

 

(b)  after serial number 13 and the entries relating thereto, the following serial numbers and entries shall be inserted, namely: -

 

(1)		(2)		(3)	(4)
“14.	Services provided by business			Business facilitator (BF)	A  banking	company,
	facilitator  (BF)  to  a  banking				located  in	the	taxable
	company				territory
15.	Services provided by an agent			An  agent  of   business	A		business
	of	business   correspondent		correspondent (BC)	correspondent,		located
	(BC) to business correspondent				in the taxable territory.
	(BC).
			1