GST of Bank's Recovery/collection Agent firm.
Q: Do we need to put tick on "supplies attract reverse charge" or we should file it Nil as the agent is not raising invoice. Bank just send money to his bank account and pays GST under reverse charge
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Recovery Agent firm
Replies (3)
Quick Summary
If agent has GST registration then he may disclose under RCM
Agent is having gst but the bank only generate the invoice .. so we are not able to get the actual details on time. this is why we have shown it as nill rated. Is that not true?
Speed up the process of getting Statement from bank and file the turnover details instead of nil returns.
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