gst rate on recovery agents services

Rate / HSN codes 2594 views 6 replies
what is the gst rate on services provided by recovery agents to banking company under rcm? ?
Replies (6)

18% over commission charges

Bank will do the RCM on 5%
at what rate these invoices to be shown in b2b under rcm??

Some says 18% while some says 5%.

Pls confirm a single rate

Under GST regime, the bank should raise a self-invoice and thereafter appropriate GST @ 18% should be paid on the same.

100% RCM Paid by Receiver

What will be sac code


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