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Itc on bank charges

rahul jain (manager) (11 Points)

22 August 2017

Hi Friends

My Bank has charged gst on bank charges can i claim itc of gst paid on bank charges. Bank has not issued any invoice.

Plz urgent

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193996 Points)
Replied 22 August 2017

Telephone companies, Banks, etc. have started linking GSTIN of their customers with their customer ID or accounts.... so that the gst charged may get linked to the GSTIN directly.... and as such you can avail the ITC.......

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rahul jain (manager) (11 Points)
Replied 22 August 2017

sir,

can we demand tax invoice for the same from the bank

Thanks in advance

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (193996 Points)
Replied 22 August 2017

At present banks are not in position to oblige the requirement of each & every customers...... but they may revise the details from the beginning, if system allows/demand.

Muthukkumaran (Consultant) (204 Points)
Replied 22 August 2017

It has been clarified by GOI in twitter handle that ITC can be claimed on bank charges ,bank statement would suffice and no seperate invoice is required for the same.