What will be the compliance level for the banking sector?

What will be the compliance level for the banking sector?

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3 Answer(s)

Banking sector will be under strict compliance as every bank will have to register in every state where its branches are.

Answered on May 27, 2017.
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Banking sector will be under strict compliance as every bank will have to register in every state where its branches are.

Answered on May 28, 2017.
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The GST council in its section 10 has mandated that every branch of the bank will be filing return individually from the state it is located in rather than nationally. It will definitely increase the compliance of the sector.

Answered on May 30, 2017.
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Gen GST