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Indirect Taxation
What are all the services covered under reverse change mechanism ?
Answers (4)
Some of thats 1]GTA [N/A if recipient is Unregistered] 2]Advocates and Arbitrary Tribunal to Business entity 3] Sponsorship services [N/A if recipient is other than Body corporate and Firm]i.e, applicable only for Body corporate and Firm includes LLP 4] Directorship Services [not salary etc]ie, sitting fees like
5] insurance agent to Insurance company Recovery agent to Banking including NBFC [Recipient only if insurance company and banking companies as above] 6] services of author and Artist , photographer to a business [publisher, music company, producer ;ike] 7] overseeing members of RBI to RBI 8] individual DSA to Bank including NBFC