Itc of co op bank ,bank charges

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accounts manager
263 Points Posted on 17 August 2022
sir, itc available in 2b for co op bank, bank charges can be claimed?
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On 17 August 2022 at 21:18 Report
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) is available for Co-operative Banks concerning bank charges. The consensus is that ITC can be claimed on bank charges, provided the bank deals in taxable goods. This ensures the charges are not for personal accounts, making them eligible for ITC.

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729 Points Posted on 17 August 2022
Yes you can claim the ITC
2 Reply
On 17 August 2022 at 21:52
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Chartered Accountant
86505 Points Posted on 17 August 2022
Only if you deal in taxable goods and bank charges are not for personal account
1 Reply
On 17 August 2022 at 22:37
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accounts manager
263 Points Posted on 18 August 2022
Thank you
1 Reply
On 18 August 2022 at 01:20
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Chartered Accountant
86505 Points Posted on 18 August 2022
Welcome Dear
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On 18 August 2022 at 21:14

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