Integrated Tax Notifications (Rate)

IGST Notification rate 16/2018

1) 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 28th 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 28th
June, 2017, namely:-

In the said notification, –

(i) in the Table, after serial number 12 and the entries relating thereto, the
following serial number and entries shall be inserted, namely: –

(1)	(2)	(3)	(4)
“13	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.”;

(ii) in the Explanation, after clause (f), the following clause shall be
inserted, namely: –

‘(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.’.

2) This notification shall come into force with effect from 27th of July, 2018.