TaxTMI 
TaxTMI 
My bank is charging GST on foreign inward remittances, but these charges are not showing up under my GST number. Is this normal? Since I have a current account and already gave the bank my GST number, shouldn't they be issuing me a proper tax invoice?
GST charge on Transaction advice ;inward remittance;conversion fee
04 Jun 2026 
6 Replies 
838 Views Asked by
GST on bank service charges for inward remittances depends on correct GSTIN mapping and B2B reporting.
GST applies only to the bank's service charges for foreign inward remittances, such as handling fees, SWIFT charges and forex conversion fees, not to the remittance amount itself. If the bank does not correctly map the customer's GSTIN, the supply may be treated as B2C and may not appear in GSTR-2B. The bank is expected to issue a GST-compliant tax invoice, link the GSTIN correctly, and report the transaction as B2B so the invoice reflects in GSTR-2B and supports input tax credit. (AI Summary)
GST applies only to the bank's service charges for foreign inward remittances, such as handling fees, SWIFT charges and forex conversion fees, not to the remittance amount itself. If the bank does not correctly map the customer's GSTIN, the supply may be treated as B2C and may not appear in GSTR-2B. The bank is expected to issue a GST-compliant tax invoice, link the GSTIN correctly, and report the transaction as B2B so the invoice reflects in GSTR-2B and supports input tax credit. (AI Summary)