Indusind bank located in Delhi, appointed Mr. Bahubali as a recovery agent for collecting outstanding balance amount of loan from a customer, Bal- labhdev. Bahubali provided service to the bank for which he charged ₹ 20,000 as fee. Who is liable to pay GST on ₹ 20,000?
A. Bahubali
B. Ballabhdev
C. Indusind bank
D. No one as it is exempt
Answer:C
Indusind bank located in Delhi, appointed Mr. Bahubali as a recovery agent for collecting outstanding balance amount of loan from a customer, Bal- labhdev. Bahubali provided service to the bank for which he charged ₹ 20,000 as fee. Who is liable to pay GST on ₹ 20,000?
A. Bahubali B. Ballabhdev C. Indusind bank D. No one as it is exempt