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of <h1>Andhra Pradesh clarifies GST responsibilities for banking services via Business Facilitators/Correspondents; exemptions depend on rural branch status per RBI.</h1> The circular from the Andhra Pradesh Commercial Taxes Department addresses the application of GST on services provided by Business Facilitators (BF) or Business Correspondents (BC) to banking companies. It clarifies that the banking company, not the BF/BC, is the service provider and is responsible for paying GST on the entire service charge collected from customers. Additionally, the circular explains that exemptions from GST for services related to rural branch accounts are contingent upon meeting specific conditions outlined in the relevant notification, and classification of a branch as rural is based on RBI guidelines.
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