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    <title>GST on Services of Business Facilitator (BF) or a Business Correspondent (BC) to Banking Company</title>
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    <description>Banking companies are the service provider for services rendered through Business Facilitators or Business Correspondents under RBI guidelines and must pay GST on the entire service charge or fee charged to customers. Exemption for services related to accounts in a rural area branch applies only if the services fall within the prescribed banking service classification and relate to branches classified as rural under RBI procedures, and the bank&#039;s classification should be accepted.</description>
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      <description>Banking companies are the service provider for services rendered through Business Facilitators or Business Correspondents under RBI guidelines and must pay GST on the entire service charge or fee charged to customers. Exemption for services related to accounts in a rural area branch applies only if the services fall within the prescribed banking service classification and relate to branches classified as rural under RBI procedures, and the bank&#039;s classification should be accepted.</description>
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