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<h1>FAQs on GST for Banking, Insurance, and Brokerage: Key Rules, ITC Guidelines, and Financial Instruments Explained</h1> The document provides FAQs on GST implications for the banking, insurance, and stock brokerage sectors. Banks are not required to include ATMs or third-party locations in GST registration. Services rendered before July 1, 2017, follow the previous tax law, while post-July 1, 2017, services are subject to GST. Banks must report exempt and non-GST supplies, and transactions classified as B2C cannot be amended to B2B. Input Tax Credit (ITC) rules are outlined, including exceptions for inter-branch services. The document also addresses the GST treatment of various financial instruments and services, including derivatives, repos, and insurance policies.