Any business entity located in the taxable territory is liable to pay RCM in case of Govt Services. Exceptions to this are – a) renting of immovable property; b) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Central Government, State Government or Union Territory or Local Authority; c) services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport; and d) transport of goods or passengers.
