Gst credit

Dear all

Public sector bank charged GST on account of bank guarantee and conversion of foreign exchange.So,I would like from you to know that whether company can avail GST credit on it considering bank does not issue tax invoice,but only bank statement.Please support your answer with relevant act,rule/case study.

Replies (2)

Rule 54(2)---Where the supplier of taxable service is an insurer or a banking company or a financial institution, including a non-banking financial company, the said supplier may issue a [consolidated]33 tax invoice or any other document in lieu thereof, by whatever name called [for the supply of services made during a month at the end of the month] 34, whether issued or made available, physically or electronically whether or not serially numbered, and whether or not containing the address of the recipient of taxable service but containing other information as mentioned under rule 46.

Thus Bank is required to issue consolidated tax invoice and you may ask the bank for the same.

Yes you can take credited provided as stated above, you can ask Bank to issue invoice by quoting your gst number.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details