https://www.taxtmi.com/forum/issue?id=119987 Notification No. 22/2006 ST formerly exempted bank services to the central bank, including commission for government business, but that service tax exemption was rescinded and does not carry over into GST. There is no equivalent GST exemption for commissions received by banks from the central bank for government business; therefore such commission is treated as taxable under GST, and banks must charge and remit GST. Transitional recovery provisions may render earlier recoverable amounts as arrears under GST and ineligible as input tax credit. en-us Fri, 09 May 2025 11:50:51 +0530 Tue, 13 May 2025 23:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119987 Notification No. 22/2006 ST formerly exempted bank services to the central bank, including commission for government business, but that service tax exemption was rescinded and does not carry over into GST. There is no equivalent GST exemption for commissions received by banks from the central bank for government business; therefore such commission is treated as taxable under GST, and banks must charge and remit GST. Transitional recovery provisions may render earlier recoverable amounts as arrears under GST and ineligible as input tax credit. Discussion-Forum Service Tax Fri, 09 May 2025 11:50:51 +0530 https://www.taxtmi.com/forum/issue?id=119987