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GST on Funds Transfer
Is there any GST charged on NEFT(inter bank) funds transfer?
Replies (7)
What purpose it's transfer...?
No... GST not applicable for fund transfers...
No... GST not applicable for fund transfers...
No, if it is a mere transaction in money and there is no any underlying supply of goods or service attached to such fund transfer.
sir, the purpose is for deposit in account of another bank, not a home branch. They charged GST for such interbank transfer
The transfer amount is below ₹1000 & above ₹500
Oh... It's bank transactions (serviceg charge. GST applicable for the service. You can take it as ITC...
ok sir Thank you
You are welcome Dear
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