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ITC on GST charged by bank.

10 March 2020

Can ITC be claimed on gst charged by bank on bank commission. If yes, then what would be invoice number.

I have approached bank many times to get invoice number but couldn't.

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3 Replies

Namit chhabra (CA-Final) (141 Points)
Replied 10 March 2020

You should get ur gstin registered with the bank. Then if the invoices show in your 2A then u can take credit..Meanwhile you can follow up with the bank for physical copies

Anshuman Basu (account -GST) (1547 Points)
Replied 10 March 2020

Bank charges or bank commission etc u r elegible to take ITC subject to your output supply is taxable। you can see invoice no from ২a

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 10 March 2020

Yes... I agreed to Mr Anshuman Basu reply...

@ Mr Sumit Hooda.,

You can claim ITC if Your supplies are taxable...
Bankers will issued month wise tax invoice in every month. You can use that is invoice number. Ask the details from bank...

Note : Before that above You must be give/link Your GSTIN in bank account.