https://www.taxtmi.com/forum/issue?id=117724 The notification amendment narrowed RCM coverage to recovery agent services provided to banking companies, financial institutions or non-banking financial companies. Recovery agents engaged by telecommunications companies, which are ordinary body corporates, therefore do not fall within the RCM provision and their services remain subject to the forward charge mechanism. The functions of collecting agent service are distinct from Recovery Agent Service and do not bring such agents within the RCM scope. en-us Tue, 21 Dec 2021 23:25:25 +0530 Thu, 23 Jan 2025 15:54:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117724 The notification amendment narrowed RCM coverage to recovery agent services provided to banking companies, financial institutions or non-banking financial companies. Recovery agents engaged by telecommunications companies, which are ordinary body corporates, therefore do not fall within the RCM provision and their services remain subject to the forward charge mechanism. The functions of collecting agent service are distinct from Recovery Agent Service and do not bring such agents within the RCM scope. Discussion-Forum Service Tax Tue, 21 Dec 2021 23:25:25 +0530 https://www.taxtmi.com/forum/issue?id=117724