Levy of GST - taxability of subscription/contribution to ...

RBI and Public Sector Banks' Contributions to NIBM Considered Service Payment, Attracting GST Charges.

July 26, 2019

Case Laws GST AAR

Levy of GST - taxability of subscription/contribution to National Institute of Bank Management - contributions received by the applicant from the RBI and other Public Sector Banks is nothing but consideration for the entire gamut of services supplied by them and GST is payable

View Source

← Previous Next →

Levy of GST - taxability of subscription/contribution to ...

RBI and Public Sector Banks' Contributions to NIBM Considered Service Payment, Attracting GST Charges.

July 26, 2019

Case Laws GST AAR

You may also like:

Gross NPAs of Public Sector Banks Stood at Rs.71,047 Crore as on 31st March,2011.

Banking or Financial service - collection of taxes and remittance to RBI - services rendered by scheduled bank to RBI - if RBI is exempted from the service tax liability...

Validity of circular of RBI - directions issued to online payment gateway services - non-banking entities which offer payment aggregation services - - The 2009...

Proof of payment of service tax - challans copies do not have legible bank seal - since the said challans are supported with CBEC website payment confirmation, there is...

Legal services to poor - Report of Law Commission of India - The legal profession must make its services available to the needy by developing its public sector. It was...

Removal from Office/duty - Bank officer - Scope of public servant - the banking sector being governed by the Reserve Bank of India and considered as a limb of the State...

TDS u/s 194H - Addition u/s 40(a)(ia)- assessee has paid Bank Guarantee Commission to Scheduled Banks approved by RBI - In the present case it is one of the banking...

Claim of interest for delayed payment - The RBI has wide supervisory powers over financial institutions like SIDBI, in furtherance of which, any direction issued by the...

Cancellation of licence of the CKP Co-operative Bank Limited to carry on the banking business in India - The RBI has rightly exercised its powers and had complied with...

Service tax liability on foreign bank charges and finance costs paid in foreign currency. It discusses the absence of a service provider-recipient relationship between...

Levy of service tax on services received from foreign bank - The Tribunal determined that the appellant was not receiving any direct services from the foreign banks that...

Reverse charge mechanism - Banking & other financial services - recipient of services or not - services provided by the Foreign Banks situated outside India - The...

Rejection of the nomination of the writ petitioners for the directorship of the appellant under Section 160 of the Companies Act, 2013 by the appellant bank - the issue...

The Tribunal, after examining relevant provisions, held that the insurance service provided by the Deposit Insurance Corporation to banks is an 'input service', and...

The Applicant provides research and development services related to the agro-chemical sector, specifically testing and analysis of insecticide-infused mosquito nets. The...

Quick Updates: