Dear Friends,
We are receiving GST Invoices from our Banks against Foreign Remittance. Can we take ITC claims for the same ?...
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GST ITC for Bank Charges
Replies (6)
Quick Summary
Yes you can avail ITC.
No doubt you may avail the ITC
Yes offcourse the ITC is available.
(As per Section 16 of CGST it's being used course of business)
(As per Section 16 of CGST it's being used course of business)
Thanks a lot to all. Anyone can share me the link for downloading ineligible ITC.
Refer section 17 (5) of cgst act for list of inelgible credits under gst
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) ).
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) ).
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