GST: Credit card bill, insurance premium to get costlier
GST
Dated:- 20-6-2017
New Delhi, Jun 20 (PTI) Credit card providers, banks and insurers have started alerting their customers to pay higher tax post implementation of Goods and Services Tax (GST) from July 1.
\nCustomers currently pay 15 per cent service tax for such services. Starting from July 1, 2017 the GST will replace all indirect taxes like service tax and VAT.
\nFinancial services and telecom have been put in the 18 per cent GST slab.
\nSBI Card has sent SMS to its customers alerting about the higher incidence of tax.
\n"Important: The Government of India proposes to implement the GST which is likely to be effective from July 1, 2017.
\nConsequently, the existing<\/p>\n
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