gst rate on recovery agents services

30 April 2018

what is the gst rate on services provided by recovery agents to banking company under rcm? ?

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6 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (176622 Points)
Replied 30 April 2018

18% over commission charges

1 Like

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 30 April 2018

Bank will do the RCM on 5%

2 Like

Namrata Mallick (38 Points)
Replied 30 April 2018

at what rate these invoices to be shown in b2b under rcm??

ALOK RATNA (CHIEF CONSULTANT) (190 Points)
Replied 29 October 2018

Some says 18% while some says 5%.

Pls confirm a single rate

V kumar (Professional) (97 Points)
Replied 10 January 2019

Under GST regime, the bank should raise a self-invoice and thereafter appropriate GST @ 18% should be paid on the same.

100% RCM Paid by Receiver

Chandrakant (Chartered Accountants) (33 Points)
Replied 09 November 2019

What will be sac code

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