GST CLAIMED ON BANK SERVICE

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....ST CLAIMED ON BANK SERVICE<br> Query (Issue) Started By: - PRADEEP SHUKLA Dated:- 13-11-2019 Last Reply Date:- 27-5-2020 Goods and Services Tax - GST<br>Got 6 Replies<br>GST<br>Dear Sir/Madam, I would like to know that can we avail ITC on Bank Charges as per charged by bank from Current Account of company ??? Please help me out in this regards Pradeep Shukla Reply By Atul Rathod: The Reply: Y....

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....es you can claim the ITC. Reply By KASTURI SETHI: The Reply: There is no restriction for availing ITC on GST paid on bank charges paid from current account provided you fulfill normal conditions laid down in Sections 16 & 17 of CGST Act, 2017. Reply By Ganeshan Kalyani: The Reply: Bank charges incurred is in Course and furtherance of the business and the same is not in the blocked credit u/a 1....

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....7(5). Hence, you can take credit provided your outward supply is taxable. It your outward supply is partly exempt and partly taxable then only proportionate credit is allowed. Reply By Adarsh Sharma: The Reply: You can avail the ITC on bank charges, whereas u need to obtain the valid invoice from the bank as prescribed under in para 2 of Circular No. 90/09/2019-GST dated 18.02.19 Reply By Ganes....

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....han Kalyani: The Reply: Yes, having invoice copy on record is also essential to take credit. At the same time the credit should also get populated in your GSTR 2A. Reply By YAGAY andSUN: The Reply: Your GSTIN should be mentioned on the Bank Statements, Debit Advices as B2B.<br> Discussion Forum - Knowledge Sharing ....