বাংলায় পড়ুন
A senior official of finance ministry has reported that free services provided by the bank to its customers like chequebook facility and ATM withdrawals are expected not to come under the GST.
This news comes into the consideration as banks are getting service tax notice for non-payment of tax on free services.
The Department of Financial Services addressed the issue to the revenue department and asked to clear the confusion whether certain free banking services comes under the domain of the GST (Goods and Services Tax).
In relation to this confusion, an official said, "The revenue department is likely to tell the financial services department that GST will not be levied on free banking services,"
The Department of Financial Services thinks that the free services that bank offers are subjected to a specific period of time. GST should not be imposed on those facilities as these are not commercial activities.
