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GST REVERSE CHARGE MECHANISM CHART

GST REVERSE CHARGE MECHANISM CHART

 

For GST Goods rate chart-click here

For GST Service rate chart- click here

For GST Service Tax Exemption List- click here

 

The fitment of rates of services were discussed on 19 May 2017 during the 14th  GST Council meeting held at Srinagar, Jammu & Kashmir.
The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28%. The list of services that will be under reverse charge as approved by the GST Council is given below. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are being communicated for general information and will be given effect to through gazette notifications which shall have force of law.
Sl.
No.
Service Provider of service Percentage of service tax payable by service provider Recipient of Service Percentage of service tax payable by any person other than the service provider
1. Taxable services provided or agreed to be provided by any person who is located in a non-taxable territory and received by any person located in the taxable territory other than non-assessee online recipient (OIDAR) Any     person who is located in    a    non- taxable territory Nil Any person located in the taxable territory other than non-assessee online recipient (Business Recipient) 100%
2. Services provided or  agreed to be provided by a goods transport agency (GTA) in respect of transportation of goods by road Goods Transport Agency (GTA) Nil (a) any factory registered under or governed by the Factories Act, 1948;
(b) any society registered under the Societies Registration Act, 1860 or under any other law for the time being in force in any part of India;
(c) any co-operative society established by or under any law;
(d) any person registered under CGST/SGST/UTGST Act;
(e) any body corporate established, by or under any law; or
(f) any partnership firm whether registered or not under any law including association of persons.
(g) Casual taxable person
100%
3. Services provided or agreed to be provided by an individual advocate or firm of advocates by way of legal services, directly or indirectly An  individual advocate     or
firm            of
advocates
Nil Any business entity. 100%
4. Services provided or  agreed to be provided by an arbitral tribunal An      arbitral tribunal Nil Any business entity. 100%
5. Sponsorship services Any person Nil Anybody        corporate         or partnership firm. 100%
6. Services provided or  agreed to be provided  by Government or local authority excluding,-
(1) renting of immovable property, and
(2) services specified below-
(i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government;
(ii) services in relation to an aircraft or a  vessel, inside or outside the precincts of a port or an airport;
(iii)  transport   of   goods   or passengers.
Government or           local
authority
Nil Any business entity. 100%
7. Services provided or agreed to be provided by a director of a company or a body corporate to the said company or the body corporate; A director of a company or a body corporate Nil A company or a body corporate. 100%
8. Services provided or  agreed to be provided by an insurance agent to any person carrying on insurance business An  insurance agent Nil Any     person     carrying     on insurance business. 100%
9. Services provided or agreed to be provided by a recovery agent to a banking company or a financial institution or a non-banking financial company A      recovery agent Nil A banking company or a financial institution or a non- banking financial company. 100%
10. Services by way of transportation of goods by a vessel  from  a  place  outside India   up   to   the   customs station of clearance in India A person located in non-taxable territory  to  a person located       in non-taxable territory Nil Importer as defined under clause (26) of section 2 of the Customs Act, 1962. 100%
11. Transfer or permitting the use or enjoyment of a copyright covered under clause (a) of sub-section (1) of section 13 of the Copyright Act, 1957 relating to original literary, dramatic, musical or artistic works Author        or music composer, photographer, artist, etc NIL Publisher,    Music    company, Producer 100%
12 Radio taxi or Passenger Transport Services provided through electronic commerce operator Taxi driver or Rent a cab operator Nil Any person 100% by Electronic Commerce Operator

 

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