ITC available to Individual Taxpayer


This query is : Resolved 

Quick Summary
An individual taxpayer registered under GST is asking about the availability of Input Tax Credit (ITC) for services like bank charges and mediclaim, which appear in their GSTR2A. Experts have confirmed that ITC is available for GST paid on bank charges. However, ITC on mediclaim premiums is generally not permissible.

(Querist)
15 January 2020 Dear Experts,

An Individual taxpayer who registered under GST law provide Rental on Immovable Properties services from his individual name. Can ITC will be available to him for Bank Charges and Mediclaim premium which is also reflected in his GSTR2A? Please confirm. Also please confirm what other ITC is available to him.

15 January 2020 ITC on GST paid on bank charges is available but GST paid on Mediclaim is not available

15 January 2020 ITC is available for bank charges


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