ITC without incurring the expense

Quick Summary
A user's bank mistakenly charged processing fees twice, including the GST. While the bank refunded the basic amount, they refused to refund the GST component, claiming the user should claim Input Tax Credit (ITC). Other users debated this, with most agreeing that ITC cannot be claimed without a corresponding expense, despite the charge appearing on GSTR-2B. The original poster decided not to claim the ITC due to potential disallowance and interest penalties, and is asking the bank for a written explanation or the specific GST rule that allows claiming ITC on un-incurred expenses for bank charges.

Got knows what parameters. Give the answer to the queries only .

As per JJJ, Either Bank has to return the money equivalent to GST or Bank has to give GST rule or section reference to claim ITC .

@ Sabyasachi Mukherjee?

What other parameters are there in this present scenario?
Originally posted by : Eswar Reddy S
What other parameters are there in this present scenario?

It's Sunday evening... so the only parameter I can think of is maybe one peg too many this afternoon?

 

Originally posted by : Eswar Reddy S
 As per JJJ, Either Bank has to return the money equivalent to GST or Bank has to give GST rule or section reference to claim ITC 

That's what we're going to ask the bank to do. If they're so confident there is any such exception in the GST rules, then we're going to insist they tell us this in writing and also let us know the rule or notification number. 

I think reply was after one peg😂😂😂
I think you have not read the previous conversation and you have not understood to whom about he is talking
I understood that's why I said that
👍🏻👍🏻
It's for sabayaachi

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details