Ans As per section 9(13) of the revisited model GST law, the place of supply of baking and other financial services including stock broking services shall be the location of the recipient of service as available on the records of the supplier of services if the location of the recipient of service as available on the records of the supplier of services if the location of recipient of service is not on the records supplier, the place of supply shall be the location of supplier of the service.

Example: If 'A', resident of mumbai opens a bank account in mumbai with bank Ltd, and submits his mumbai residence address the place of supply of banking services shall be mumbai

If 'B' goes to bank in Bangalore not having an account with the bank to take a demand draft, the place of supply shall be the location of the supplier i.e bank in banglore issuing the demand draft.   

Posted 1 month, 2 weeks ago by Neeraj bhagat


Hi Neeraj, the same team has launched knowyourgst.com

Please join that site for GST. Thank you

Posted 1 month, 2 weeks ago by CA Pulkit Sharma


Your Reply:

You need to be logged in to reply.