Cenvat on the gst paid for bank charges incurred

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 October 2017 Hi,

Please help me understand how can we claim Cenvat incurred on the Bank Charges....

Do we need invoices or the bank statement is enough ?? Can bank statements received in excel be used??

Are invoice numbers required??

Please help me urgently....Thanks in advance !!

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

05 October 2017 No need of invoice. Bank statement is enough... However you know amount of Charges & GST separately

Trinadharao Adigarla

Trinadharao Adigarla (Expert)

06 October 2017 Bank Statement is Final . also get Certification from Bank for Charges+GST Amount with GST No.

Querist : Anonymous

Querist : Anonymous (Querist)

06 October 2017 Is a bank statement in excel form enough to claim it??

Udaya Chandran

Udaya Chandran (Expert)

06 October 2017 You need to make sure that they have uploaded the return for the charges in your GSTIN. For that you can ask them for advice.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

06 October 2017 Yes if you have t & GSTIN of bank then it is sufficient.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

31 October 2026 Rule 54(2) lets a bank issue a consolidated tax invoice or a document such as an account statement in lieu of invoice, but under current rules ITC is allowed only if the bank reports the charges against your GSTIN and they appear in GSTR-2B, so register your GSTIN with the bank and download its monthly GST invoice from net banking.

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