A study on the impact of Goods and Service Tax on Banking service charges and Commission post GST

A study on the impact of Goods and Service Tax on Banking service charges and Commission post GST
Author(s):
Dr.N.L.Vijaya
Keywords:
Banking service, GST, Customer, bank, agency and general utility services.
Abstract
Banks are backbone of our economy. A banker provides the financial needs of their customers. By acting as a custodian of his assets, providing credit facilities and assisting him to speedily put through financial transaction. Bank services need considerable improvement on an emergent basis & the time has come for banks to look inward to find out what is the nature & quantity of the products they sell, what is the product demanded by the customers. Service to the society means service to customer present & future. From the point of view, the prime function of banks can be defined as the creation & delivery of customer needed services in a satisfying manner. As banking services are very important for any customer, an effort was made in the study to analyse the impact of GST on various banking service charges post GST.
Article Details
Unique Paper ID: 158843 Publication Volume & Issue: Volume 4, Issue 10 Page(s): 474 - 477
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