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ITC on bank charges

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14 Points Posted on 07 May 2020
can we avail credit on bank charges pertaining to fy 19-20 in year 20-21
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On 07 May 2020 at 23:09 Report
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GST Practitioner
55067 Points Posted on 07 May 2020
Yes you can .
Any ITC pertaining to Fy 19-20 can avail till September-2020 month's return.

(As per Provisio under section 16(4) of CGST Act)
301 Reply
On 07 May 2020 at 23:23
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14 Points Posted on 07 May 2020
But I fails to record ITC on such charges in books in fy 19-20 now I want to record in fy 20-21 is it possible
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On 07 May 2020 at 23:26
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Finance/Compliance Consultant
61384 Points Posted on 08 May 2020
Yes it is possible. You can revise the same on your Sept 2020 GST Return or before Filling the GST Annual Return via GSTR9
20 Reply
On 08 May 2020 at 07:43


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