Gst on credit cards?
This query is : Resolved
03 July 2017
Is GST applicable on each use of credit card/ debit card/ net banking or for Issuance of credit card/ debit card/ net banking?
CA R SEETHARAMAN
(Expert)
03 July 2017
GST not applicable on each use of credit card/ debit card/ net banking or for Issuance of credit card/ debit card/ net banking. GST applicable on any service charge levied on such use or issue of card.
03 July 2017
ok GST is charged on annual bank charges for providing such services (in place of service tax), right?.
Thanks.
Thanks.
CA R SEETHARAMAN
(Expert)
03 July 2017
When ever any charge is levied GST charged on it like service tax.
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