Are the charges debited by the Banks for various services liable to pay GST?

Are the charges debited by the Banks for various services liable to pay GST?

Add Comment
2 Answer(s)

Yes, bank charges are taxable supply under GST and bank will collect GST on bank charges and pay it to government account and same can bill claimed by account holders as input.

Answered on August 15, 2017.
Add Comment

GST Registered Persons Update your GST no your Bank A/C Bank Charges Claimed ITC GST 3B Return.

Answered on September 6, 2017.
Add Comment

Your Answer

Gen GST