CBIC notifies Amendments in Annexure 3 of Notification Directing Certain Services Taxable under RCM [Read Notification]
CBIC notifies Amendments in Annexure 3 of Notification – CBIC – Annexure 3 – Services Taxable under RCM – RCM – Services Taxable – Taxscan
CBIC notifies Amendments in Annexure 3 of Notification – CBIC – Annexure 3 – Services Taxable under RCM – RCM – Services Taxable – Taxscan
The Central Board of Indirect Taxes and Customs (CBIC) vide notification no. No. 08/2023- Central Tax (Rate), No. 08/2023- Integrated Tax (Rate), No. 08/2023- Union Territory Tax (Rate) issued on 26th July 2023 has amended the words in Annexure 3 of the principal notification.
The Central Government based on the recommendations of the Council, introduced the additional amendments to the notification issued by the Government of India, in the Ministry of Finance (Department of Revenue), No.13/2017-Union Territory Tax (Rate), dated 28th June 2017, No.10/2017-Integrated Tax (Rate), dated the 28th June, 2017 and No.13/2017-Central Tax (Rate), dated the 28th June, 2017.
Annexure 3 was added to the concerned notifications through notification no. 05/2022 issued on 13th July 2022. Annexure 3 is the declaration and it reads as follows:
Annexure III
“I/we have taken registration under the CGST Act, 2017 and have exercised the option to pay tax on services of GTA in relation to transport of goods supplied by us during the Financial Year _____ under forward charge.”
Through the current amendment, the board has made some changes to the abovementioned declaration as follows:
“In the notification, in Annexure III, for the words and figures ‘during the Financial Year ____ under forward charge’, the words and figures ‘from the Financial Year ____under forward charge and have not reverted to reverse charge mechanism’ shall be substituted.”
The words ‘and have not reverted to reverse charge mechanism’ has been added to the annexure.
The notification shall come into force with effect from 27th July 2023.
The principal notifications are: Notification no. 13/2017 -Central Tax (Rate), dated the 28th June 2017; Notification no. 10/2017 -Integrated Tax (Rate), dated the 28th June 2017; Notification no. 13/2017 - Union Territory Tax (Rate), dated the 28th June 2017.
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