RCM on services by individual DSAs to banks/ NBFCs wef 27.07.2018

Introduction

The Ministry of Finance released a notification on 26th July 2018 which seeks to amend the Integrated Tax(rate) under the Integrated Goods and Services Act, 2017. The notification basically specifies that RCM on services by individual DSAs to banks/NBFCs will be taxed. What this entails is that the services provided by DSAs […]

By |2022-09-27T11:29:11+05:30August 30th, 2018|NBFC|

Non Banking Financial Company – An Overview

Meaning and Types of NBFCs

Non-Banking Financial Company (NBFCs) may be defined as a company registered under the Companies Act, 1956 and under the provisions of section 45-IA of the Reserve Bank of India Act, 1934. NBFCs provides banking services without meeting the legal definition of a bank such as holding a banking license.

 Section 45-I […]

By |2022-09-27T11:34:49+05:30August 22nd, 2018|NBFC|
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