Case of a Bank Payment to Recovery Agent is liable to RCM normally. If Recovery Agent is a private ltd. Company with GST Registration, whether tax is to be paid by Bank under RCM or by the Recovery Agent ?

Reply—Services supplied by a recovery agent to a banking company or a financial institution or a nonbanking financial company attracts provision of reverse charge, whether such recovery agent is an individual or body corporate. Tax is to be paid by financial institution or bank under reverse charge. please refer notification No.13/2017-Central Tax (Rate) Dated: June 28, 2017