ITC on Bank Charges

370 views 9 replies
Dear Sir
Can we claim ITC on bank charges
Amount reflect in 2A by bank
Replies (9)
Yes, You can claim if reflected in GSTR 2A.
Yes... You can claim ITC for that.

Note : invoice must be get from bank or (it's through your mail id)
Yes you can claim
Yes , you can claim ITC on Bank charges and it is common ITC soo take care about nature of supply, If all taxable supply then claim full otherwise proportionally and it must be reflected in GSTR 2A
Yes you can claim ITC on Bank Charges being reflected in your GSTR-2A.
Yes you can claim
Sir, I checked from email id not received any bill and bank also unable to provide bill so can I avail ITC or note
No... If You don't have invoices then better to get it from bank. If they can't give invoice then complain to "Bank Ombudsman".

Otherwise the ITC taken without invoice then its problem in future.
As per the Provision of Section 16(2) of the CGST Act 2017, ITC on Goods or Services or both can be availed only when the following FOUR CONDITIONS are satisfied :

(1). Possession of a Tax Invoice.
(2). Received the Goods or Services.
(3). The Supplier must have paid the Taxes.
(4). The Recipient must have filed the Return.

So if you are not in a possession of a Tax Invoice, then the condition of sub-section (2) of Section 16 is breached. Hence you should not avail ITC to avoid any type of Departmental harassment in the future.


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