ITC on Bank charges

Jatin

Accountant

3479 Points Posted on 23 June 2018

Yes, You can avail ITC on Bank charges

Pankaj Rawat

GST Practitioner

55067 Points Posted on 23 June 2018

Yes , you can ,.. but ask bank for Tax Invoice for the same

Razaq Sha

26 Points Posted on 23 June 2018

at the end of every month we should ask tax invoice from a bank

Vinod Babu

24196 Points Posted on 24 June 2018

If bank issue GST invoice bearing your GSTIN number and company name, then you can claim ITC.

If we dont want to avail ITC on bank charges as those are very small amounts then where to be mentioned bank charges amount in GSTR 3B Bank charges is inclusive of GST amt . It is inward supply from RD.

Pankaj Rawat

GST Practitioner

55067 Points Posted on 24 June 2018

Yea U Can do so, you can ineligible the ITC by showing it in 3B :

show it under Table 4 , row 5 all other ITC
& In Row Row B (2) ITC reverse ,Others

Shanu

Accounts

30 Points Posted on 26 June 2018

Bank is not issuing the tax invoice for bank charges as the amount is very small, can we take input credit now.

Vinod Babu

24196 Points Posted on 26 June 2018

Not possible to take itc when tax invoice not received by bank.

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Razaq Sha

Jatin

Pankaj Rawat

Razaq Sha

Vinod Babu

SANDHYA SHINGTE

Pankaj Rawat

Shanu

Vinod Babu

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