banner_ad

GST ITC for Bank Charges

305 views 6 replies
User Avatar

1238 Points Posted on 16 June 2020
Dear Friends,

We are receiving GST Invoices from our Banks against Foreign Remittance. Can we take ITC claims for the same ?...
3 Reply Share Follow
On 16 June 2020 at 20:15 Report
Replies (6)
User Avatar

Designation
771 Points Posted on 16 June 2020
Yes you can avail ITC.
3 Reply
On 16 June 2020 at 20:42
User Avatar

4215 Points Posted on 16 June 2020
No doubt you may avail the ITC
12 Reply
On 16 June 2020 at 21:32
User Avatar

GST Practitioner
55067 Points Posted on 16 June 2020
Yes offcourse the ITC is available.
(As per Section 16 of CGST it's being used course of business)
301 Reply
On 16 June 2020 at 23:15
User Avatar

1238 Points Posted on 17 June 2020
Thanks a lot to all. Anyone can share me the link for downloading ineligible ITC.
3 Reply
On 17 June 2020 at 06:51
User Avatar

44 Points Posted on 17 June 2020
Refer section 17 (5) of cgst act for list of inelgible credits under gst
Reply
On 17 June 2020 at 10:23
User Avatar

Student
23688 Points Posted on 17 June 2020
Yes you can claim GST ITC on Bank Charges provided it is in the course or furtherance of business ( Section 16(1) of the CGST Act 2017 ).

You can refer the CBIC website to download the Bare GST Act ( where you will find the latest list of BLOCKED CREDIT/INELIGIBLE CREDIT u/s 17(5) ).
97 Reply
On 17 June 2020 at 17:19


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details