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ITC on bank charges
can we avail credit on bank charges pertaining to fy 19-20 in year 20-21
Replies (3)
Quick Summary
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)
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)
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
Yes it is possible. You can revise the same on your Sept 2020 GST Return or before Filling the GST Annual Return via GSTR9
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