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Itc on bank charges

sneha sitlani (43 Points)

15 September 2020

Can i claim itc on bank charges

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4 Replies

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 15 September 2020

Yes, you can claim ITC on bank charges of business current or other Account..

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Shinoj Davis (112 Points)
Replied 15 September 2020

Yes, you can claim itc if they collected properly, it is showing in your 2A and you have collected invoice

Shivam RC (Student) (23683 Points)
Replied 16 September 2020

You can claim ITC on bank charges of your Business Current A/c provided all the 4 conditions of claiming ITC as laid down u/s 16(2) of the CGST Act 2017 are satisfied.

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CA Rashmi Gandhi (Chartered Accountant) (86313 Points)
Replied 19 June 2022

You can claim

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Itc on bank charges

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