Amendment in Reverse Charge Notification

NOTIFICATION No. 07/2015-Ser­vice Tax

New Del­hi, the 1st March, 2015

G.S.R. (E).- In exer­cise of the pow­ers con­ferred by sub-sec­tion (2) of sec­tion 68 of the Finance Act, 1994 (32 of 1994), the Cen­tral Gov­ern­ment, here­by makes the fol­low­ing fur­ther amend­ments in the noti­fi­ca­tion of the Gov­ern­ment of India in the Min­istry of Finance (Depart­ment of Rev­enue) No. 30/2012-Ser­vice Tax, dat­ed the 20th June, 2012, pub­lished in the Gazette of India, Extra­or­di­nary, Part II, Sec­tion 3, Sub-sec­tion (i) vide num­ber G.S.R. 472 (E), dat­ed the 20th June, 2012, namely:-

1. In the said notification,-

(i) in para­graph I, in clause (A),-

(a) after sub-clause (ia), the fol­low­ing sub-claus­es shall be insert­ed, namely:-

“(ib) pro­vid­ed or agreed to be pro­vid­ed by a mutu­al fund agent or dis­trib­u­tor, to a mutu­al fund or asset man­age­ment company”;

“(ic) pro­vid­ed or agreed to be pro­vid­ed by a sell­ing or mar­ket­ing agent of lot­tery tick­ets to a lot­tery dis­trib­u­tor or sell­ing agent;”;

(b) in sub-clause (iv), in item ©, with effect from such date as the Cen­tral Gov­ern­ment may, by noti­fi­ca­tion in the Offi­cial Gazette, appoint, the words “by way of sup­port ser­vices” shall be omitted;

© after the sub-clause (v), with effect from the 1st day of March, 2015, the fol­low­ing sub-clause shall be insert­ed, namely:-

“(vi) pro­vid­ed or agreed to be pro­vid­ed by a per­son involv­ing an aggre­ga­tor in any manner;”;

(ii) in para­graph (II),-

(A) for the por­tion begin­ning with brack­ets, let­ters and words “(II) The extent of ser­vice tax payable” and end­ing with words “name­ly:-”, the fol­low­ing shall be sub­sti­tut­ed with effect from 1st March, 2015, namely:-

“II. The extent of ser­vice tax payable there­on by the per­son who pro­vides the ser­vice and any oth­er per­son liable for pay­ing ser­vice tax for the tax­able ser­vices spec­i­fied in para­graph I shall be as spec­i­fied in the fol­low­ing Table, namely:-”;

(B) in the Table,-

(i) in col­umn (4), for the col­umn head­ing, the fol­low­ing col­umn head­ing shall be sub­sti­tut­ed with effect from 1st March, 2015, namely:-

“Per­cent­age of ser­vice tax payable by any per­son liable for pay­ing ser­vice tax oth­er than the ser­vice provider”;

(ii) after Sl. No. 1A and the entries relat­ing there­to, the fol­low­ing Sl Nos. and entries shall be insert­ed, namely:-

“1B.	in respect of ser­vices pro­vid­ed or agreed to be pro­vid­ed by a mutu­al fund agent or dis­trib­u­tor, to a mutu­al fund or asset man­age­ment company	Nil	100%
1C.	in respect of ser­vice pro­vid­ed or agreed to be pro­vid­ed by a sell­ing or mar­ket­ing agent of lot­tery tick­ets to a lot­tery dis­trib­u­tor or sell­ing agent	Nil	100%”;

(iii) against Sl. No. 8, in col­umn (3) and col­umn (4), for the exist­ing entries, the entries “Nil” and “100%” shall respec­tive­ly be substituted;

(iv) after Sl. No. 10 and the entries relat­ing there­to, with effect from 1st March, 2015, the fol­low­ing Sl. No. and entries shall be insert­ed, namely:-

“11.

in respect of any ser­vice pro­vid­ed or agreed to be pro­vid­ed by a per­son involv­ing an aggre­ga­tor in any manner

Nil

100%”.

1. Save as oth­er­wise pro­vid­ed, this noti­fi­ca­tion shall come into force on the 1st day of April, 2015.

[F.No. 334 /5/ 2015-TRU]

(Akshay Joshi)

Under Sec­re­tary to the Gov­ern­ment of India 

Note:-The prin­ci­pal noti­fi­ca­tion was pub­lished in the Gazette of India, Extra­or­di­nary, vide noti­fi­ca­tion No. 30/2012 — Ser­vice Tax, dat­ed the 20th June, 2012, vide num­ber G.S.R. 472 (E), dat­ed the 20th June, 2012 and last amend­ed vide noti­fi­ca­tion No. 10/2014-Ser­vice Tax, dat­ed the 11th July, 2014 vide num­ber G.S.R. 479(E), dat­ed the 11th July, 2014.