Case LawAdvance Rulings (B)-04/2019-20
Uttar Bihar Gramin Bank ., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Bihar
- Date:
- June 30, 2020
- Type:
- Advance Ruling
- Members:
- Ashok Kumar Jha, Dharmjeet Kumar
Subject
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…