business facilitator meaning in gst

Treating them as business has a large impact to the extent GST is considered. In order to determine the liability of tax on any supply of Goods or Services falling under the ... Business facilitator or Business Correspondent to a banking company with respect to accounts in its rural areas branch. In this Article we are going to explain the exemptions from GST. As per GST Law 2017, there is no GST payable on Services by the business facilitator or a business correspondent to a banking company with respect to accounts in its rural area branch. Subject: GST on Services of Business Facilitator (BF) or a Business Correspondent (BC) to Banking Company- reg. Facilitation in business, organizational development (OD), and in consensus decision-making refers to the process of designing and running a successful meeting.. Facilitation concerns itself with all the tasks needed to run a productive and impartial meeting. 39 of said notification, the conditions flowing from the language of the notification should be satisfied. Not only the definition of supply but the cenvat credit provisions, all mandate that the activities undertaken by the taxable person should be in the course or furtherance of business. One must keep in mind that the facilitator never leads the business but rather guides it in every step. Go. (b) any person as an intermediary to a business facilitator or a business correspondent with respect to services mentioned in entry (a); or (c) business facilitator or a business correspondent to an insurance company in a rural area.” The business facilitator or a business correspondent plays a very vital role in the present day of banking . Issue 2: Clarification on the scope of services by BF/BC to a banking … 0 Comments. ... business facilitator or a business correspondent to a banking company with respect to accounts in its rural area branch; This article gives GST Exemption list for services. Supports: Firefox 10.0+, Google Chrome 6.0+, Internet Explorer 10.0+, Safari 4.0+ Web Information Manager Subject: GST on Services of Business Facilitator (BF) or a Business Correspondent (BC) to Banking Company- reg. A business facilitator is a sole body which carries the decision and judgment of others in this case banks to its customers. tates 1. 0 Like! March 12, 2019 GST – States – GST on Services of Business Facilitator (BF) or a Business Correspondent(BC) to Banking Company. Representations have been received seeking clarification on following two issues: What is the value to be adopted for the purpose of computing GST … Uh oh! Cambridge Dictionary +Plus Subject: GST on Services of Business Facilitator (BF) or a Business Correspondent (BC) to Banking Company- reg. No. GST on Services of Business Facilitator (BF) or a Business Correspondent(BC) to Banking Company. Definition. GST on Services of Business Facilitator (BF) or a Business Correspondent (BC) to Banking Company | GST Circular No 86/2019.