CBIC releases 91 FAQs on GST for financial services sector

CBIC releases FAQs on GST for financial services sector, inter alia clarifies that services provided by banks to RBI are liable to GST, ATMs do not constitute 'place of business' for purposes of registration, bank / insurance co. may issue consolidated statement / invoice / advice to customer for the month will details of all charges and GST levied thereon, and they can rely upon GSTIN provided by customers instead of ascertaining actual place of consumption of services; Deri...