Amendments to Tax Rates for Specific Services:

Authority: Central Government under CGST Act, 2017. Effective Date: From October 1, 2019.

Changes Made: Addition of service tax provisions for authors and services related to motor vehicle renting and securities lending. Authors can opt to pay tax under forward charge. Service tax on renting motor vehicles applicable to non-corporate entities at 2.5%. Introduction of taxation for lending securities under SEBI's Securities Lending Scheme, 1997.

Issued By: Ruchi Bisht, Under Secretary to the Government of India. Form Requirements: Annexures I and II outline the declaration forms for authors opting for tax payment under forward charge.

Implementation: Gazette notification No. 13/2017 - Central Tax (Rate), dated June 28, 2017.

Note: Last amended by notification No. 5/2019 - Central Tax (Rate), dated March 29, 2019.