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    <description>Recovery agent services are taxable when any person provides services related to recovery of sums due to a banking company, financial institution, NBFC or other body corporate or firm; the receiver is the bank/financial entity, the provider is any person providing recovery services, and the provider is liable to pay service tax. Departmental circulars have consolidated and superseded prior technical clarifications on scope, classification, valuation and exemptions.</description>
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