Wednesday 8 March 2017

Goods and Services Tax set to complex operations for banks

Several banks and financial organization may be in for a lot of problem as they could just see the complexity in paying taxes growth under the incoming goods and services tax (GST).
As Goods and Services Tax stands today, transactions between two branches of same bank is set to trigger a tax, which could prove to be cumbersome. Indian banks have also reached the government to amend the rules regarding this.

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