Notification No. 22/2019
Date: September 30, 2019
Subject: Amendment to Notification No. 13/2017–CT (Rate) relating to Reverse Charge Mechanism (RCM) on copyright and renting of motor vehicles.
Description:
This notification revises RCM provisions for copyright services supplied by music composers, artists and authors, and introduces an option for authors to pay tax under forward charge subject to conditions. It also brings renting of motor vehicles to body corporates and securities lending services under RCM. These changes clarify tax liability between supplier and recipient.
Issued for earlier notification?
Yes — amends Notification No. 13/2017–Central Tax (Rate).