New Amendment: Services Provided to Reserve Bank of India
The Central Government, under the Integrated Goods and Services Tax Act, 2017, introduces crucial amendments.
The amendments impact Notification No. 10/2017 - Integrated Tax (Rate) issued on June 28, 2017.
A new entry, "Supply of services by members of the Overseeing Committee to Reserve Bank of India," is added.
This pertains to services rendered by members of the Oversight Committee constituted by the Reserve Bank of India.
The recipient of these services is the Reserve Bank of India itself.
This amendment aims to streamline taxation on services provided to RBI committees.
It enhances clarity and ensures smoother compliance with GST regulations.
(Ruchi Bisht)
Under Secretary to the Government of India