reverse charge
Deepchand jain (HIRIYUR) (70 Points)
05 March 2018
can reverse charges applicable for bank charges for March 2018
Deepchand jain (HIRIYUR) (70 Points)
05 March 2018
sujith kumar dasa
(banglore)
(1496 Points)
Replied 05 March 2018
Pankaj Goswami
(CA-FINAL)
(422 Points)
Replied 05 March 2018
Manu Kumar Rana
(New Updates )
(358 Points)
Replied 05 March 2018
| Originally posted by : Deepchand jain | ||
 |
can reverse charges applicable for bank charges for March 2018 |  |
HI Deepchand,
1. The bank is listed company & they must have GSTIN registered.wherever they are charging as bank change on your transcations monthly basis .that value is including of GST & u can claim ITC for this charges if that bank transactions must be pertained to business purpose.
2. In case bank might not be charged GST on bank charges then RCM is applicable on it under section -9(4) CGST Act but this section was postponed up to march 31.03.2018.
CAclubindia
