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Itc on bank charges, Goods and Services Tax - GST

Issue Id: - 115974
Dated: 4-2-2020
By:- mukesh gupta
Itc on bank charges

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Any remittances to foreign supplier under high seas sale purchase bank charges commission on forex conversion & GST on it . Is itc available on that GST if there is invoice issued by bank and shown in 2 a portal.

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Showing Replies 1 to 2 of 2 Records

1 Dated: 4-2-2020
By:- KASTURI SETHI

ITC is available on bank charges. Take care of other conditions laid down in Sections 16 and 17 of CGST Act.


2 Dated: 5-2-2020
By:- Ganeshan Kalyani

ITC is eligible on bank charges.


1

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