Our Recommendations :-
Follow CA Final FB Page

Will I be charged GST for my fixed deposits, savings and current accounts?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Sarath S asked about 2 years ago

Hello, I am a CA Intermediate | CA IPCC student from Bangalore. I want to know whether if I will be charged for my fixed deposits,savings and current accounts. Sarath

    0       0 Answer Now Comment Report
2 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 HIMANSHU answered about 2 years ago

hie 1.Interest received from bank ----NO GST 2.Service charges and fee charged by bank ----GST at 6%. These include encashment fees, ATM withdrawal fees, clearing of cheques, cancellation of cheques,stop payment request for cheques ,etc.

    0       0 Comment Report
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 shaifali answered about 2 years ago

1. Interest received from bank ----NO GST 2. Service charges and fee charged by bank ----GST at 6%. These include encashment fees, ATM withdrawal fees, clearing of cheques, cancellation of cheques,stop payment request for cheques ,etc.

    0       0 Comment Report
Get Notifications
Videos
Books
Notes
Loading
SIGN UP
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.