CBIC notifies certain services to be taxed under Reverse charge Mechanism

CBIC notifies addition to list of services liable to be taxed under Reverse Charge Mechanism (RCM); Provides that a banking company, shall be liable to pay GST under RCM on services provided by Business facilitator (BF) while a business correspondent (BC) shall be liable to pay GST on services received from its agent; Further, a registered person shall be liable to pay tax on security services provided by any person other than a body corporate: Moreover provides that, RCM pro...