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 "There is no GST on withdrawal of cash from banks... 5+5=10 transactions in a month is totally free when withdrawn from ATMs," said Finance Minister Nirmala Sitharaman, in a discussion on the rising prices, in Rajya Sabha.
![No GST on Withdrawal Of Cash From Banks No GST on Withdrawal Of Cash From Banks](/img/preview/custom/20210402092332_msmeloan.jpg?imgver=21610)
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.