Hi Experts,
We are a software service provider, please let me know we are eligible to claim ITC on Bank charges...?
Bank charges for Foreign remittance and other Bank charges...
Thank you
Vijith T K
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ITC on Bank chargess
Replies (4)
In my knowledge, Yes, you can avail as common input. If there is any exempted turnover, has to reverse the ITC availed on such transactions proportionately periodically.
Same is available
Gst is not applicable in case of bank charges.
GST is applicable and deduction by bank also.
@ Sabyasachi , please stop replying wrong and senseless answers
@ Sabyasachi , please stop replying wrong and senseless answers
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