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TMI BlogSBI waives charge on IMPS fund transfer of up to ₹ 1,000X X X X Extracts X X X X X X X X Extracts X X X X ..... SBI waives charge on IMPS fund transfer of up to ₹ 1,000 - Goods and Services Tax - GST Dated:- 12-7-2017 - News - New Delhi, July 12 (PTI) Country's largest bank SBI has waived charges ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for fund transfer of up to ₹ 1,000 through its IMPS (Immediate Payment Service) to promote small transactions. State Bank of India had been charging ₹ 5 along with the applicable servic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e tax for IMPS fund transfer of up to ₹ 1,000. IMPS is an instant interbank electronic fund transfer service through mobile phones as well as internet banking. In order to promote small t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icket size transactions, SBI has waived off IMPS charges for transfer up to ₹ 1,000, the bank said while informing about the revised IMPS transfer charges under the Goods and Services Tax (GST) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... regime. For IMPS, charge will be ₹ 5 along GST for fund transfer in the range of ₹ 1,000 to ₹ 1 lakh. The charge will go up to ₹ 15 for transactions of ₹ 1-2 lakh. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GST at the rate of 18 per cent is applicable on all financial transactions. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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