GST slab rate for Recovery Agent Services

 

GST tax on Recovery Agent Services

 

Click here to know GST rate for this service 

 

What is Goods and Service Tax slab rate Banking company recovery agent service?   GST expenses for Financial institution recovery agent service?

 

The details about GST rate changes for Recovery Agent Services are being updated here.  The notification changes on exemptions for GST for Recovery Agent Services and other circulars related to GST for Recovery Agent Services are updated in this website.

 

GST slab rate for Recovery Agent ServicesBanking company has the meaning assigned to it in clause (a) of section 45A of the Reserve Bank of India Act, 1934 (2 of 1934). (Section 65(11) of Finance Act, 1994 as amended) Financial institution has the meaning assigned to it in clause (c) of section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934). (Section 65(45) of Finance Act, 1994 as amended) Non-banking financial company has the meaning assigned to it in clause (f) of section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934). (Section 65(74) of Finance Act, 1994 as amended)

 

Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services.  Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively.  Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%.   The most essential goods and services attract nil rate of GST under Exempted Categories.     Luxury goods and services and certain specific goods and services   attract additional cess than 28% GST.

 

The exempted categories under Non-banking financial company recovery agent service is being published by GST authorities soon, where no GST is payable for such categories of service.  You may read GST exemption list of services, once published.

 

The above information is about GST rate for Recovery Agent Services. This post is being updated with latest changes in GST rate for Non-banking financial company recovery agent service, update on latest GST notification on Financial institution recovery agent service and amendments related to GST on Banking company recovery agent service.

 

Comment below your thoughts about Recovery Agent Services.

Click here to know GST rate for this service 

 

Click here to know GST rate on Goods and Services

 

Click here to know GST exemption list of goods and service

 

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

Accounting system under GST Tax payments

How many major heads of accounts in GST Tax

Recommended instructions to bank for collecting GST Tax

GST collection Banks

Penalty for Erring Banks under GST Tax collection

GST Payment across departmental counter

The role of RBI under GST tax payments

Role of Branch of remitter bank under GST tax payments

Role to be played by each stakeholder under GST payments

Failure of matching CPIN under GST tax payments

Pooled GST account under GST tax payment

Validity of CPIN in GST Tax payments

CPIN and Account name under GST tax payment

How to get Export Order?

GST Registration Guidelines

Learn Imports and Exports business free of cost

Find HSN code of your product.

How to export goods from India?

Mode of payments in international trade
How does a Running bond work?
How does Bill of Lading work in DP payment terms?
How does Bill of Lading work in Sight LC


                                                   


Transferability of Bill of Lading
Transhipment - A redefinition
Dimension of Cargo Containers

Triangular export
Triangular shipment

Export Promotion Councils and Commodity Boards, product wise
Types of Insurance Documents
How does CENVAT Credit work?
Import General Manifest (IGM)
Importance of Bill of Lading
Is Airway bill a documents of title?

 

Indian GST charges on Banking company recovery agent service

GST expenses on Financial institution recovery agent service

Total GST charges on Non-banking financial company recovery agent service


Comments


Anil kumar shreevastava: Respected sir total GST charges on bank recovery agent service

RAJU JADHAV: I am in co op secter banking pigmy agent. how effective me GST

RAJU JADHAV: I am in co op secter banking pigmy agent. how effective me GST

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers