Watch out! 5 banking transactions you didn’t know attracted GST

The officials of the Central Board of Indirect Taxes and Customs (CBIC) earlier had clarified that there won’t be any levy of GST on free banking services such as ATM withdrawals, checkbook issuance, additional credit cards or ATM usage. However, various services offered by banks come at a cost, although the charges have been kept low in the larger interest of customers (percentage varies from ban…