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Is GST eligible for bank transaction

veera (self) (287 Points)

30 November 2019

Can i eligible to claim itc on bank transaction which were reflecting in gstr2A.?

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4 Replies

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 01 December 2019

Yes ofcourse you can Avail ITC on Bank transactions

CA. Roopali Kadam (Jobs on assignment basis.) (1453 Points)
Replied 01 December 2019

Banks are supposed to issue some monthly invoice/consolidated statement for same

RAJA P M ("Do the Right Thing...!!!") (127063 Points)
Replied 01 December 2019

Yes... I agreed to Mr Pankaj Rawat's reply...

@ Mr Veera.,

You can claim ITC for the Bank Charges and it's reflected in Your GSTR 2A.

But, Collect invoices for the said transactions...

umamaheshwaran (articled clerk) (52 Points)
Replied 03 December 2019

Please check it for Forex transaction charges if you are doing any Exempted Sales outside the country like export ( taxable supplies itself exempted then how we can claim the GST portion ) kindly recheck .