TABLE OF CONTENTS

No TITLE PAGE No No. Of

Pages

Declaration by the candidate II 1

Certificate of supervisor III 1
Abstract IV 3
Table of content VII 3
List of tables – primary data X 3
List of charts – primary data XIII 3
List of tables – secondary data XVI 1
List of charts – secondary data XVII 1
List of diagrams XVIII 1
Acknowledgment XIX 1

1 Preamble 1 - 17 17
Introduction 1
Banking Services – Negative List 4
Problem On Hand 8
Place of Provision of Services by Banks 9
Importance & Scope of the Project 16

2 Organization overview 18 - 25 8
Products , Income streams and their taxability 19
Processes - Both taxable income streams & non 22
 taxable income streams

3 The Problem / Hypothesis 26 - 45 20

Introduction 26
Details 29
GST and financial services – Issues 31
GST In Brazil 32
GST In Canada 34
GST In Australia 35
GST In PNG 35
GST In EU 36
Current Provisions in India and Proposed 38
Provisions for GST in India

4 Relevant literature review 46-101 56

5 Data collection and analysis 102-153 52

Research Methodology 104
GST Rates 109
Contribution of taxes in economy 112
Legislation around GST and financial services 123
Treatment of the service – exempt/taxable/zero 123
rated
Federal system/mechanism for GST 134
Recovery of ITC 137
Intermediary services & Interchange income 142
Correspondent Bank Charges 147
Place of Supply Rules 150

6 Result and discussion 154 - 248 95

 Primary Data Analysis 154
Primary Data Statistical Analysis 237
Results for 5% L.o.s. 242
Results for 1% L.o.s. 244
Summary of results both L.o.s. 246

7 Recommendation and summary of findings 249-266 18

Summary of Findings 256
Recommendations 261
Suggestions in relation to GST provisions 264
Limitations 265
Scope for further work 266

8 References 267-274 8

9 Appendix 275-286 12
Appendix I - Questionnaire 273
Appendix II - Abbreviations 284