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    <title>IN BANKING JEWEL LOAN - APPRAISER FEE RELATED</title>
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    <description>The appraiser is an independent service provider supplying services to the bank; the appraiser&#039;s fee is a taxable supply and the appraiser should invoice, collect GST from the bank and remit it to the government. The bank&#039;s practice of labeling amounts as commission and deducting or withholding tax from the appraiser&#039;s share is incorrect. The appraiser may be eligible for the threshold exemption. A prior tribunal decision under the service tax regime addressing cooperative bank-appraiser payments is cited as analogous.</description>
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    <pubDate>Wed, 06 Nov 2019 20:58:59 +0530</pubDate>
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      <title>IN BANKING JEWEL LOAN - APPRAISER FEE RELATED</title>
      <link>https://www.taxtmi.com/forum/issue?id=115628</link>
      <description>The appraiser is an independent service provider supplying services to the bank; the appraiser&#039;s fee is a taxable supply and the appraiser should invoice, collect GST from the bank and remit it to the government. The bank&#039;s practice of labeling amounts as commission and deducting or withholding tax from the appraiser&#039;s share is incorrect. The appraiser may be eligible for the threshold exemption. A prior tribunal decision under the service tax regime addressing cooperative bank-appraiser payments is cited as analogous.</description>
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      <law>GST</law>
      <pubDate>Wed, 06 Nov 2019 20:58:59 +0530</pubDate>
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