Are Bank Mitras are liable to pay gst

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23 Points Posted on 17 November 2020
In which they need to pay GST or are they liable to pay any GST.

Please clarify the topic
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On 17 November 2020 at 16:09 Report
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This discussion clarifies whether Bank Mitras are liable to pay Goods and Services Tax (GST). Generally, Bank Mitras do not need to pay GST unless their annual turnover exceeds the prescribed limit set by the government. If the turnover threshold is met, then GST becomes applicable.

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GST Practitioner & Accounts
15146 Points Posted on 17 November 2020

Are you doing  a Agent  job and  recovery  Agent as well  inducing  your duties ?.  

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On 17 November 2020 at 17:47
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23 Points Posted on 17 November 2020
No I am just a Bank Mitra..i.e the bank far from my area
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On 17 November 2020 at 21:35
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CA-FINAL
422 Points Posted on 18 November 2020
If turnover exceeds prescribed limit. than Yes
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On 18 November 2020 at 12:15

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