Sir
we imported goods under L C and sold them on high sea sale basis. can we avail itc on bank charges related to this particular L. C. please guide.
Mukesh Agrawal (40 Points)
24 August 2018
Narayan Shivhare
(204 Points)
Replied 26 August 2018
Sir Iyerji
(Online marketing)
(61 Points)
Replied 27 August 2018
Bank charges /commission on the LC amount is not claimable.
I think GST 18% levied by the bank on the "bank commision charges " can be claimed in input credit .
also Import duty+cess non refundable. IGST 18/28% levied by customs can be claimed as input (eiether by you or the final buyer/party who is import clearing customs )
CAclubindia
