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BANK CHARGES CAN I CLAIM GST WITHOUT INVOICE BUT GST 2A IS CAME IN BANK CHARGES ITC

anji (ACCOUNTANT) (142 Points)

29 September 2018

please help me
what is the procedure follow up

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7 Replies

CA Sunil Kumar (Chartered Accountant) (4524 Points)
Replied 29 September 2018

GST paid on bank charges will be eligible for GST input credit. You will require Bank’s GSTIN to claim the credit.But input tax credits can be claimed, subject to the condition that you have updated your GST profile with Bank so that Bank could file these transactions in his GSTR-1.
So in your case you can claim ITC of Bank charges if you have bank gstin.

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anji (ACCOUNTANT) (142 Points)
Replied 29 September 2018

invoice hard copy needed or not

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 29 September 2018

Yes , as per section 16 CGST Act , The recipient mush have Tax Invoice .

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 29 September 2018

Yes , as per section 16 CGST Act , The recipient mush have Tax Invoice .

Vinod Babu (24191 Points)
Replied 30 September 2018

Yes, Tax invoice needed to claim the ITC on bank charges.

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ca praveen jain (partner) (107 Points)
Replied 02 October 2018

Department issue a clarification in respect of bank charges that if u provided ur gstn no. to bank and itc is reflected in ur 2A than u can claim itc , there is no need for any separate invoice from bank.