GST on banks' 'free services' may be passed on to customers

Updated: November 30, 2018 07:06 PM IST

Faced with the prospect of paying goods and services tax (GST) on ‘free services’ provided to customers who maintain a minimum balance in their accounts, top lenders including State Bank of India, ICICI Bank and HDFC Bank are considering passing on this cost to them.



TRENDING NOW

Early pension, retirement pension, nominee pension and 4 other pension schemes that you should know

Early pension, retirement pension, nominee pension and 4 other pension schemes that you should know

US President Joe Biden congratulates Netanyahu, calls for ceasefire in Gaza after Sinwar’s Killing

US President Joe Biden congratulates Netanyahu, calls for ceasefire in Gaza after Sinwar’s Killing

Buffalo worth 23 crores draw crowds at International Pushkar Fair in Ajmer

Buffalo worth 23 crores draw crowds at International Pushkar Fair in Ajmer

Fuel Credit Cards: Are They Worth It? How to Choose the Best One

Fuel Credit Cards: Are They Worth It? How to Choose the Best One

Jaguar unveils new logo and slogan.

Jaguar unveils new logo and slogan.

RECOMMENDED VIDEOS

https://www.zeebiz.com/personal-finance/video-gallery-early-pension-retirement-pension-nominee-pension-and-4-other-pension-schemes-that-you-should-know-327979

Early pension, retirement pension, nominee pension and 4 other pension schemes that you should know

https://www.zeebiz.com/world/video-gallery-us-president-joe-biden-congratulates-netanyahu-calls-for-ceasefire-in-gaza-after-sinwar-s-killing-322129

US President Joe Biden congratulates Netanyahu, calls for ceasefire in Gaza after Sinwar’s Killing

https://www.zeebiz.com/india/video-gallery-buffalo-worth-23-crores-draw-crowds-at-international-pushkar-fair-in-ajmer-325339

Buffalo worth 23 crores draw crowds at International Pushkar Fair in Ajmer

https://www.zeebiz.com/personal-finance/video-gallery-fuel-credit-cards-are-they-worth-it-how-to-choose-the-best-one-327978

Fuel Credit Cards: Are They Worth It? How to Choose the Best One

https://www.zeebiz.com/india/video-gallery-jaguar-unveils-new-logo-and-slogan-327863

Jaguar unveils new logo and slogan.

https://www.zeebiz.com/india/video-gallery-chennai-rain-severe-waterlogging-report-321614

Chennai Rain: Severe Waterlogging Report

https://www.zeebiz.com/india/video-gallery-top-5-most-popular-games-of-2024-on-google-play-india-327626

Top 5 Most Popular Games of 2024 on Google Play India

https://www.zeebiz.com/india/video-gallery-rbi-governor-shaktikanta-das-talks-economic-stability-amid-global-turmoil-327533

RBI Governor Shaktikanta Das Talks Economic Stability Amid Global Turmoil

https://www.zeebiz.com/india/video-gallery-ola-electric-to-cut-500-jobs-amid-rising-losses-restructuring-plans-report-327927

Ola Electric to Cut 500 Jobs Amid Rising Losses, Restructuring Plans: Report

https://www.zeebiz.com/market-news/video-gallery-from-indian-hotels-to-paytm-top-brokerage-calls-this-week-327948

From Indian Hotels To Paytm, Top Brokerage Calls This Week

https://www.zeebiz.com/india/video-gallery-redmi-a4-5g-launched-at-rs-8499-with-snapdragon-4s-gen-2-processor-327476

Redmi A4 5G Launched at Rs 8,499 with Snapdragon 4s Gen 2 Processor

https://www.zeebiz.com/india/video-gallery-serious-allegations-against-many-officials-including-gautam-adani-327640

Serious allegations against many officials including Gautam Adani?

https://www.zeebiz.com/india/video-gallery-rs-5000-monthly-sip-investment-for-30-years-vs-rs-17500-monthly-sip-for-20-years-326876

Rs 5,000 monthly SIP investment for 30 years vs Rs 17,500 monthly SIP for 20 years

https://www.zeebiz.com/personal-finance/video-gallery-sbi-vs-hdfc-vs-canara-bank-1-year-fd-best-returns-for-senior-citizens-on-4l-8l-12l-327941

SBI vs HDFC vs Canara Bank 1-Year FD: Best Returns for Senior Citizens on ₹4L, ₹8L, ₹12L

https://www.zeebiz.com/india/video-gallery-what-senior-citizens-can-get-on-rs-6-lakh-rs-12-lakh-and-rs-18-lakh-investment-in-amrit-vrishti-fds-322500

What senior citizens can get on Rs 6 lakh, Rs 12 lakh and Rs 18 lakh investment in Amrit Vrishti FDs

https://www.zeebiz.com/india/video-gallery-gift-nifty-drops-asian-markets-lower-327593

GIFT Nifty drops, Asian markets lower

https://www.zeebiz.com/personal-finance/video-gallery-3-lucrative-ways-to-invest-in-real-estate-for-the-new-year-327196

3 Lucrative Ways to Invest in Real Estate for the New Year

INDIA

WORLD

COMPANIES

PERSONAL FINANCE

TECHNOLOGY

AUTOMOBILE

SMALL BUSINESS

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x