https://www.taxtmi.com/circulars?id=60525 Banking companies operating BF/BC arrangements are the service providers for GST and must pay GST on the entire service charge or fee charged to customers, regardless of collection via BF/BC. The exemption for BF/BC services relating to "accounts in its rural area branch" requires that such services fall under Heading 9971 and relate to a branch classified as rural under RBI guidelines; the bank's RBI-based classification will be accepted for claiming the exemption. en-us Tue, 08 Jan 2019 00:00:00 +0530 Sat, 06 Apr 2019 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60525 Banking companies operating BF/BC arrangements are the service providers for GST and must pay GST on the entire service charge or fee charged to customers, regardless of collection via BF/BC. The exemption for BF/BC services relating to "accounts in its rural area branch" requires that such services fall under Heading 9971 and relate to a branch classified as rural under RBI guidelines; the bank's RBI-based classification will be accepted for claiming the exemption. Circulars GST - States Tue, 08 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60525