Itc on bank charges

[mukesh gupta]

Any remittances to foreign supplier under high seas sale purchase bank charges commission on forex conversion & GST on it . Is itc available on that GST if there is invoice issued by bank and shown in 2 a portal.

[KASTURI SETHI]

ITC is available on bank charges. Take care of other conditions laid down in Sections 16 and 17 of CGST Act.

[Ganeshan Kalyani]

ITC is eligible on bank charges.

AI Summary

Input Tax Credit on bank charges is available, subject to statutory compliance under the CGST Act and invoice evidence.
ITC is available on bank charges, including forex conversion commission and associated GST, provided the recipient holds a proper tax invoice from the bank, the supply is reflected in GSTR 2A, and the claimant satisfies the statutory eligibility and apportionment conditions under the CGST input tax credit provisions.