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of <h1>Goa Circular Clarifies GST Responsibility for Banking Services by Business Facilitators; Exemptions Depend on Rural Account Criteria.</h1> The circular from the Government of Goa addresses GST concerns related to 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 under RBI guidelines and is responsible for GST on service charges to customers. The circular also explains that GST exemption for services related to rural area accounts depends on fulfilling conditions outlined in Notification No. 39, which require services to fall under Heading 9971 and pertain to rural branches as classified by RBI guidelines. Any implementation issues should be reported to the Commissioner of State Tax.
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