Banks under GST

 
 

 
 

About My Business

List of taxable banking services under Goods and Services Tax. Input tax Credit provisions and exemptions for banks. State bank of India, HDFC Bank. Axis Bank. Services provided by a banking company to Basic Saving Bank Deposit (BSBD) account holders under Pradhan Mantri Jan Dhan Yojana
(i) Services provided to Reserve Bank of India

(ii) Processing fees on loans

(iii) Documentation charges

(iv) Ledger folio charges

(v) Demand draft charges

(vi) Issuance of bank statement charges

(vii) Stop payment charges

(viii) Standing instruction charges

(ix) Inspection charges

(x) Bank guarantee commission charges

(xi) Issuance of letter of credit

(xii) Credit card services...


 
 

About Me

Services provided by a banking company to Basic Saving Bank Deposit (BSBD) account holders under Pradhan Mantri Jan Dhan Yojana (PMJDY). Services by an acquiring bank, to any person in relation to settlement of an amount upto ` 2,000 in a single transaction transacted through credit card, debit card, charge card or other payment card service. Services supplied by Central Government, State Government, Union territory to their undertakings or Public Sector Undertakings (PSUs) by way of guaranteeing the loans taken by such undertakings or PSUs from the banking companies and financial institutions.

 
 

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