Bank Charges in the books


This query is : Resolved 

Quick Summary
This discussion clarifies how to account for bank charges in your books, specifically regarding GST invoices. It confirms that you can indeed claim Input Tax Credit (ITC) on these charges, provided you have a valid tax invoice issued by the bank.

10 September 2021 Sir,

can we ensure the booking entry for Bank charges in the books of accounts for GST invoice ?




26 September 2021 Yes..we can claim ITC subject to having a proper Tax Invoice issued by bank

23 November 2021 Sir ,Thank you for your information.


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