Expansion of GST Coverage for Direct Selling Agents and Renting of Immovable Property
The Central Government, empowered by the GST Act, introduces amendments to notification 13/2017-Central Tax (Rate).
Effective from July 27, 2018, the amendments broaden the scope of services covered under GST.
A new entry, number 11, encompasses services provided by individual Direct Selling Agents (DSAs) to banks or non-banking financial companies (NBFCs).
The Explanation now defines "renting of immovable property" comprehensively, ensuring clarity in taxation.
These changes aim to streamline GST application and enhance transparency in service taxations.
The amendments facilitate a more inclusive tax framework, benefiting both service providers and recipients.
Such measures reflect the government's commitment to refining the GST structure for improved efficiency and compliance.