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RCM on Bank charges
Is RCM applicable on Bank charges debited by bank? If yes, then hsn code and GST rate.
Replies (3)
No RCM is not applicable on bank charges debited by bank
because every small individual will not go for registration as well as payment of gst
Normally bank charges GST on processing , dd charges . So we need not pay GST under RCM. No gst on interest in loan
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