Goods and Services under Reverse Charge Mechanism

Goods and Services under Reverse Charge Mechanism

As we know that there are some changes in Reverse Charge Mechanism as on 01st March 2020. So, if you want to know the goods and services that will be charged under RCM have a look at the table which represents every detail regarding the same. The table also shows the effective date of the same.

FOR GOODS
S.NO	PARTICULAR	Supplier of goods	Effective date
1.	Cashew nuts,no longer shelled or peeled	Agriculturist	01/07/2017
2	Bidi wrapper leaves (tendu)	Agriculturist	01/07/2017
3	Tobacco leaves	Agriculturist	01/07/2017
4	Silk yarn	Any person who manufac- tures silk yarn from raw silk or silk worm cocoons for supply of silk yarn	01/07/2017
5	Supply of lottery	State Government, Union Territory or any local authority	01/07/2017
6	Used vehicles, seized and confiscated goods, vintage and used goods, waste and scrap to Government or local authority	Central Government, State Government, Union territory or a local authority	13/10/2017
7	Raw Cotton	Agriculturist	15/11/2017
8	Priority Sector Lending Certificate	RBI as the priority sector.	28/05/2018
FOOD SERVICE
S.NO	PARTICULAR	Supplier of service		Effective date
1	Supply of service by GTA	Goods Transport Agency (GTA) who has not paid integrated tax at the rate of 12%		01/07/2017
2	Advocacy Services	An individual advocate including a senior advocate or firm of advocates		01/07/2017
3	Service by Arbitral Tribunal	An arbitral tribunal		01/07/2017
4	Sponsorship Services	Any person		01/07/2017
5	Services by Central Government, State Government, Union territory or local authority	Central Government, State Government, Union territory or local authority		01/07/2017
6	Services by Director (Except as a employee)	A director of a company or a body corporate		01/07/2017
7	Services by insurance agent	An insurance agent		01/07/2017
8	Service by Recovery agent	A recovery agent		01/07/2017
9	Services by an author, music composer, photographer, artist	Author or music composer, photograph her, artist, or the like		01/07/2017
10	Supply of services by the members of Overseeing Committee to Reserve Bank of India	Members of Overseeing Committee constituted by the Reserve Bank of India		13/10/2017
11	Renting of immovable property by Government or local authority	Central Government, State Government, Union territory or local authority		25/01/2018
12	Services supplied by individual Direct Selling Agents (DSAs)	banks/ non-banking financial company (NBFCs)		27/07/2018
13	Services provided by business facilitator (BF)	Banking Company		01/01/2019
14	Services provided by an agent of business correspondent (BC)	Banking company		01/01/2019
15	Security Services	Any person other than a body corporate		01/01/2019
16	Services supplied by any person by way of transfer of development rights or Floor Space Index (FSI)	Any Person		01/04/2019
17	Long term lease of land (30 years or more) by any person against consideration in the form of upfront amount	Any person		01/04/2019
18	Services provided by way of renting of a motor vehicle provided to a body corporate	Any person other than a body corporate , paying central tax at the rate of 2.5% on renting of motor vehicles with input tax credit only of input service in the same line of business.		01/10/2019
19	Services of lending of securities under Securities Lending Scheme, 1997	Any person, borrower		01/10/2019
20	Services provided by way of renting of any motor vehicle designed to carry passengers where the cost of fuel is included in the consideration charged	Any person, other than a body corporate who supplies the service to a body corporate and does not issue an invoice charging central tax at the rate of 6 per cent. to the service recipient		01/01/2020
21	Any service supplied by any person who is located in a non-taxable territory to any person other than non-taxable online recipient	Any person located in a non-taxable territory		01/07/2017
22	Services supplied by a person located in non- taxable territory 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		01/07/2017

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