GST Reverse Charge Rates for Services

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GST Reverse Charge Rates for Services

Category : GST

On its 14th meeting dated 19 May 2017 during the GST Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28% and GST reverse charge rates.

Following is the list of services having GST reverse charge rates

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

GST REVERSE CHARGE RATES

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;

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.

(b) 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 (g)  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 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

Government

or            local

authority

Nil Any business entity. 100%
airport;

(iii) transport of goods or passengers.

8. 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%
9. 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%
10. 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 nonbanking financial company.

100%
11. Services by way of transportation of goods by a vessel from a place outside A person located in

non-taxable

Nil Importer as defined under clause (26) of section 2 of the Customs Act, 1962. 100%
India up to the customs

station of clearance in India

territory to a person

located         in

non-taxable territory

17. 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%
18 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

The above-mentined GST reverse charge rates are subject to vetting and might undergo changes.

You might also like-

Service Tax Accounting Codes for GST / GST Service Codes

GST Rate schedule for Goods

 

 


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