does loan collection agent service be considered under RCM ?
and what will be the rate of tax on such service ?
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LOAN COLLECTION AGENT SERVICE
Replies (1)
Yes in term of Notification 15/2018 CT (R) , the Individual DSA not a Body Corporate providing Services to Bank or Non bank institution is under RCM .
The Recipient (Bank) is liable to discharge the tax liability Under RCM.
Rate is 18%
The Recipient (Bank) is liable to discharge the tax liability Under RCM.
Rate is 18%
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