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Microlesson · 5-min read

Business Facilitator / Business Correspondent – Entry 39

# Business Facilitator (BF) / Business Correspondent (BC) – Entry 39

## Exempt Services

Services by the following persons in their respective capacities:

(a) A BF / BC to a banking company with respect to accounts in its rural area branch;

(b) An intermediary to a BF / BC with respect to services in (a); OR

(c) A BF / BC to an insurance company in a rural area.

## Outside the Scope – GST Implications

  • If services do NOT fall within Entry 39, they are taxable.
  • Reverse charge applicability:
  • Banking company is liable to pay GST under RCM on commission/fees for taxable services provided by a BF to it.
  • BC is liable to pay GST under RCM on taxable services provided by agents of BC to the BC.

## Quick Map

Service FlowForward / RCM
BF → Bank (rural branch a/c)EXEMPT
BF → Bank (urban branch a/c)Taxable, RCM on Bank
Sub-agent → BF (rural)EXEMPT
Agent → BC (taxable services)RCM on BC
BF/BC → Insurance company in rural areaEXEMPT

Worked example

### Example 1

Example: Mr. P, a BF, opens BSBD accounts at SBI's Anantapur (rural) branch and receives a commission → EXEMPT under Entry 39(a).

### Example 2

Example: Mr. P provides similar services to SBI's Bengaluru (urban) branch → TAXABLE; SBI pays GST under RCM.

⚠️ Common exam mistakes

  • Treating BF services to urban branches as exempt.
  • Forgetting that taxable BF/BC services attract reverse charge on the bank/BC – not forward charge by the BF/agent.
Reference: Entry 39 — Notification No. 12/2017-CT(R)
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