There is no GST on withdrawal of cash from banks, said Finance Minister Sitharaman on Tuesday. "There is no GST on withdrawal of cash from banks... 5+5=10 transactions in a month is totally free when withdrawn from ATMs," said Finance Minister Nirmala Sitharaman, in a discussion on the rising prices, in Rajya Sabha.
She added that GST tax only on bank purchasing cheque book from printers. She said there is GST on customer cheques and on the withdrawal of cash from banks.
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