I want to issue a debit note to my party regarding cheque bounce charges charged by bank,can charge CGST & SGST.Is this is taxable supply to me.
please answer.
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Bank charge
Replies (4)
You cannot charge GST, but you can ask for reimbursement of total amount ie. including GST charged by bank......
if so we can take gst input on bank charges even the total amount was reimbursed by our customer
Yes , it's a taxable supply ,.. As per section 15 CGST Act , .. it's being fee , penalty in form of bank charges , so taxable & attracts GST
Good answer.
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