our bank charged us 100000.00 as cash deposit charges and charged 18000.00 GST on it
after 2 months bank reversed 100000.00 as we were having a previous approval from the bank for not charging cash deposit charges
now I got my 100000.00 back but bank is not refunding 18000.00 of GST Amount as the bank is asking us to claim it as ITC from GST
Can we claim GST on cash deposit charges which were reversed by the bank, if not it will be loss to the business
Thanks in Advance
In order to process a refund claim, the following procedure must be adhered to:
- Visit the GSTN portal and fill in the application form meant for claiming refund.
- You will receive an email or SMS which contains an acknowledgment number after the filing of application is done electronically.
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