GST on Services of Business Facilitator (BF) or a Business Correspondent (BC) to Banking Company
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Representations have been received seeking clarification on following two issues:
(i) What is the value to be adopted for the purpose of computing GST on services provided by BF/BC to a banking company?
(ii) What is the scope of services provided by BF/BC to a banking company with respect to accounts in its rural area branch that are eligible for existing GST exemption?
(i) What is the value to be adopted for the purpose of computing GST on services provided by BF/BC to a banking company?
(ii) What is the scope of services provided by BF/BC to a banking company with respect to accounts in its rural area branch that are eligible for existing GST exemption?
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