Gst on bank charges

Sandeep Sharma (Accounts executive) (552 Points)

09 December 2019

can we claim gst on bank charges??

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (127153 Points)
Replied 09 December 2019

Yes... You can claim if Your supplies are Taxable.

2 Like

Priyank (CA Final Student) (139 Points)
Replied 09 December 2019

You can claim ITC of GST on Bank charges.

1 Like

SOWJANYA M (840 Points)
Replied 09 December 2019

Only ITC which are reflecting in 2A is eligible. but what about this bank charges?

1 Like

Sanket Galande (CA-Inter) (126 Points)
Replied 09 December 2019

Provide your GST no to bank

1 Like

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 10 December 2019

Yes you can ..... ask for tax invoice for the same from Bank

1 Like

Shivam RC (Student) (23683 Points)
Replied 14 December 2019

Yes you can claim ITC on Bank Charges provided that it is used in the course or furtherance of business.

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