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GST CLAIMED ON BANK SERVICE, Goods and Services Tax - GST

Issue Id: - 115663
Dated: 13-11-2019
By:- PRADEEP SHUKLA

GST CLAIMED ON BANK SERVICE


  • Contents

Dear Sir/Madam,

I would like to know that can we avail ITC on Bank Charges as per charged by bank from Current Account of company ???

Please help me out in this regards

Pradeep Shukla

Posts / Replies

Showing Replies 1 to 6 of 6 Records

Page: 1


1 Dated: 13-11-2019
By:- Atul Rathod

Yes you can claim the ITC.


2 Dated: 13-11-2019
By:- KASTURI SETHI

There is no restriction for availing ITC on GST paid on bank charges paid from current account provided you fulfill normal conditions laid down in Sections 16 & 17 of CGST Act, 2017.


3 Dated: 13-11-2019
By:- Ganeshan Kalyani

Bank charges incurred is in Course and furtherance of the business and the same is not in the blocked credit u/a 17(5). Hence, you can take credit provided your outward supply is taxable. It your outward supply is partly exempt and partly taxable then only proportionate credit is allowed.


4 Dated: 13-11-2019
By:- Adarsh Sharma

You can avail the ITC on bank charges, whereas u need to obtain the valid invoice from the bank as prescribed under in para 2 of Circular No. 90/09/2019-GST dated 18.02.19


5 Dated: 14-11-2019
By:- Ganeshan Kalyani

Yes, having invoice copy on record is also essential to take credit. At the same time the credit should also get populated in your GSTR 2A.


6 Dated: 27-5-2020
By:- YAGAY andSUN

Your GSTIN should be mentioned on the Bank Statements, Debit Advices as B2B.


Page: 1

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