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INTERNET BANKING

1257 views 5 replies

Hi All

Bank provides internet banking services to its user, is it taxable service???????????

thanks

Replies (5)

This being a FOC service question of taxability does not arise.

Ya,I also agree with this point.

ok I agree

if banks start charging for it, would it not fall in the scope of “Online information and database access or retrieval”???????

ya

 

it depend on the bank

 

 

Hi

Can I pay the service tax of a Pvt Ltd company by using the internet banking account of the director of the company. Please note that the account of the company does not have internet banking facility. But one of the directors of the company have internet banking facility in his personal savings account.

So can the director use his personal savings accout for paying the service tax of the company. Please reply its urgent


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