https://www.taxtmi.com/article/detailed?id=7317 GST charges banks and financial institutions on the supply of goods and services, including contractual interactions with agents; actionable claims may be treated as goods while securitisation and repossession that transfer title constitute supply of goods. Time of supply is the earlier of invoice issuance and payment, with alternative triggers where reverse charge applies. Place of supply is generally the recipient's recorded location, with the bank's location governing certain cross border and intermediary supplies. Practical issues include multi state activity, real time transaction addressing and the absence of a precise statutory definition of banking services. en-us Tue, 14 Mar 2017 08:24:17 +0530 Tue, 14 Mar 2017 08:24:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7317 GST charges banks and financial institutions on the supply of goods and services, including contractual interactions with agents; actionable claims may be treated as goods while securitisation and repossession that transfer title constitute supply of goods. Time of supply is the earlier of invoice issuance and payment, with alternative triggers where reverse charge applies. Place of supply is generally the recipient's recorded location, with the bank's location governing certain cross border and intermediary supplies. Practical issues include multi state activity, real time transaction addressing and the absence of a precise statutory definition of banking services. Articles Goods and Services Tax - GST Tue, 14 Mar 2017 08:24:17 +0530 https://www.taxtmi.com/article/detailed?id=7317