Top banks face up to Rs 800 crore hit on GST on FD insurance premiums
Major banks face increased costs of Rs 250 to Rs 800 crore on input tax credit on insurance paid to Deposit Insurance and Credit Guarantee Corporation (DICGC) by them on fixed deposits after the hike in insurance of deposits to Rs 5 lakh from Rs 1 lakh The indirect tax department is questioning banks on the status […]