https://www.taxtmi.com/article/detailed?id=9474 The article contends banks' routine fixed periodic SMS charges (with GST) are improperly treated as taxable service fees rather than reimbursements for third party telecom communications. It distinguishes mandatory regulator required alerts from optional customer notifications and notes RBI guidance directing SMS charges be levied on an actual usage basis. The author documents persistent industry practice of ad hoc monthly/quarterly levies, examples of rounding gains and alleged non remittance of GST components, and criticises regulatory departments and complaint mechanisms for inadequate enforcement, arguing recovery is justifiable only to the extent of verifiable actual expenses. en-us Fri, 18 Sep 2020 10:51:14 +0530 Sat, 19 Sep 2020 16:00:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9474 The article contends banks' routine fixed periodic SMS charges (with GST) are improperly treated as taxable service fees rather than reimbursements for third party telecom communications. It distinguishes mandatory regulator required alerts from optional customer notifications and notes RBI guidance directing SMS charges be levied on an actual usage basis. The author documents persistent industry practice of ad hoc monthly/quarterly levies, examples of rounding gains and alleged non remittance of GST components, and criticises regulatory departments and complaint mechanisms for inadequate enforcement, arguing recovery is justifiable only to the extent of verifiable actual expenses. Articles Other Topics Fri, 18 Sep 2020 10:51:14 +0530 https://www.taxtmi.com/article/detailed?id=9474