ITC on Bank Charges

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This discussion addresses whether Input Tax Credit (ITC) for GST on bank charges can be claimed when the bank doesn't issue a separate invoice. The consensus is that you can claim the ITC as your bank statement is considered a valid document for this purpose. Therefore, the prompt reflection of charges in your GSTR-2A allows for credit claims.

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09 March 2020 Dear Sir

ITC for GST charged on bank charges is reflecting in my 2A promptly every month. But the Bank is not issuing invoice. Can i take the credit or not. Please reply
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Eswar Reddy S

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Eswar Reddy S (Expert)
09 March 2020 You can claim ITC based on GSTR-2A
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CA Anita Bhadra

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CA Anita Bhadra (Expert)
10 March 2020 Yes, You can claim ITC. Banks are not required to issue separate invoices. Bank statement itself is treated as an invoice.
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