Uttar Bihar Gramin Bank ., In re
Date: June 30, 2020
Court: Authority for Advance Ruling
Bench: Bihar
Type: Advance Ruling
Judge(s)/Member(s): Ashok Kumar Jha, Dharmjeet Kumar
Subject Matter
ITC on GST paid on premium to Deposit Insurance and Credit Guarantee Corporation
Summary
Applicant is engaged in the business of banking as a regional Rural Bank. It accepts deposit from its customers. It is statutorily require to pay premium to Deposit Insurance and Credit Guarantee Corporation (In short ―DICGC) on these deposits, on wh…