Dear sir,
Am doing NBFC service(recovery agent)to TATA capital financial institution to collect loan and given to the bank, how can i raise invoice what is the gst rate and sac code it's attract any RCM pls guide
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Gst rate and Sac code or RCM attract
Replies (1)
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For recovery / collection agent services to an NBFC, use SAC 998592.
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GST rate = 18%.
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RCM applies: NBFC (recipient) pays the GST, not you (the agent).
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You may not get full ITC for GST on your costs (especially subcontractor costs), so plan your pricing accordingly.
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