Notification No. 33/2017 – UTTR Explained

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Notification No. 33/2017 - Union Territory Tax (Rate): Seeks to amend notification No. 13/2017 - UTT(R) regarding services provided by Overseeing Committee members to RBI under RCM.

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

GSR......(E).-In exercise of the powers conferred by sub- section (3) of section 7 of the Union Territory Goods and Services Tax Act, 2017 (14 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.13/2017- Union Territory 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. 704(E), dated the 28th June, 2017, namely:-

In the said notification,-

(i) in the Table, after serial number 9 and the entries relating thereto, the following serial number and the entries shall be inserted, namely: -

“10

Supply of services by the members of Overseeing Committee to Reserve Bank of India

Members of Overseeing Committee constituted by the Reserve Bank of India

Reserve Bank of India.”.

(Ruchi Bisht)
Under Secretary to the
Government of India

Note:-The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 13/2017 – Union Territory Tax (Rate), dated the 28^th June, 2017, vide number G.S.R. 704 (E), dated the 28^thJune, 2017 and was last amended by notification No. 22/2017 - Union Territory Tax (Rate) dated the 22^ndAugust, 2017 vide number G.S.R. 1055 (E), dated the 22^ndAugust, 2017.

📚 Frequently Asked Questions (FAQs): Notification No. 33/2017 - Union Territory Tax (Rate)

Q1: What is Notification No. 33/2017 – UTGST Rate?

Answer:
It is a GST notification issued on 13 October 2017 introducing reverse charge on services supplied by RBI Overseeing Committee members to RBI.
The amendment modified Notification No. 13/2017-UTT(R).

Q2: Which services are covered under this notification?

Answer:
The notification covers services supplied by members of the Overseeing Committee constituted by RBI.

Q3: Who is liable to pay GST under this notification?

Answer:
The Reserve Bank of India becomes liable to pay GST under Reverse Charge Mechanism.
The committee members themselves do not discharge GST in the normal manner for these notified services.

Q4: What is Reverse Charge Mechanism?

Answer:
Under RCM, GST liability shifts from supplier to recipient.
Instead of service provider paying tax, the recipient becomes responsible.

Q5: Why was reverse charge introduced here?

Answer:
The Government introduced RCM mainly to simplify GST administration and reduce compliance burden for committee members.

Q6: Does RBI need to issue invoice under RCM?

Answer:
RCM transactions involve special documentation requirements including self-invoicing and accounting treatment depending on applicable GST rules.

Q7: Were Overseeing Committee members required to register under GST?

Answer:
The notification shifted GST liability to RBI for the notified services, reducing normal GST burden on members for these transactions.

Q8: Is this notification part of service GST rules?

Answer:
Yes.
This notification specifically deals with GST on services under reverse charge provisions.

Q9: Why are some services notified under reverse charge?

Answer:
RCM is often introduced where centralized compliance is administratively easier or where monitoring supplier-level compliance is difficult.

Q10: Does reverse charge affect input tax credit?

Answer:
Yes.
RCM transactions may involve separate ITC treatment and reporting considerations depending on GST provisions.

Q11: What was Notification No. 13/2017-UTT(R)?

Answer:
It is the principal notification prescribing categories of services taxable under reverse charge mechanism.

Q12: Is this notification still relevant today?

Answer:
Yes.
It remains important for understanding GST reverse charge structure and institutional service taxation.

Q13: What is the biggest compliance risk under RCM?

Answer:
The biggest risks are:
failure to identify RCM applicability,
incorrect accounting treatment,
improper GST reporting.

Q14: Why are institutional services often covered under RCM?

Answer:
Because centralized tax compliance through institutional recipients is usually easier and more efficient.

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