Amendment status not verified — confirm the current text below against the official source.
(7) in clause ( I 02). the following new Explanation shall be inserted, namcl y :- "Explanation. ~ For the removal of doubts, it is hereby clarified that the expression "services" includes facilitatjng or arranging transactions in securities;". In the principal Act, in section 7, with eftcct from the 1st day of July, 2017,- (I) in sub-section ( 1 ), -- (a) in clause (b ), (b) afler the words "or forthcrancc of business;", the word '·and" shall be inserted <md shall always be deemed to have been inserted: in clause (c), after the words "a consideration", the word ··and" shall be omitted and the punctuation mark·':'\ shall be substituted with punctuation mark "."and shaJI always be deemed to have been omitted; (c) clause (d) shall be omitted and shall always be deemed to have been omitted: (2) after sub-section ( l ), the following new sub-section shall be inserted and shall always be decm\;d to have been inserted, namely: - ''(I A) where certain activities or transactions constitute a supply in accordance with the provisions of sub- section ( I), they shal I be treated either as supply of goods or supply of services as referred 10 in Schedule JJ."; en in sub-section (3 ), for the v.ords, brackets and figures "sub- sections ( l) and (2)", the words. hrackets, figures and letter "sub-sections (J ). (I A) and (2)" shall be substituted. In the principal Act, in section 9, for sub-section ( 4 ), the following sub-section shall be substituted, namely "( 4) ·n1e Government may, on the recommendations of the Council, by notification. specify a class of registered pt-rsons who shall, in respect of supply of spccifox.I categories of goods or services or both received from an unregistered supplier, pay the tax on reverse charge basis as the recipient of such supply of goods or services or both, and all the provisions of this Act shall apply to such recipient as if he is the person liable for paying the tax in relation to such supply of goods or services or both .... 3516 TIIEASSAM GAZETTE, EXTRAORDINARY, OCTOBER 24, 2018 Amendment of section I 0 s. Amendment