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ITC on Bank charges
should we take ITC on bank charges whether it is applicable under Gst act ....?
Replies (8)
Yes, You can avail ITC on Bank charges
Yes , you can ,.. but ask bank for Tax Invoice for the same
at the end of every month we should ask tax invoice from a bank
If bank issue GST invoice bearing your GSTIN number and company name, then you can claim ITC.
If we dont want to avail ITC on bank charges as those are very small amounts then where to be mentioned bank charges amount in GSTR 3B Bank charges is inclusive of GST amt . It is inward supply from RD.
Yea U Can do so, you can ineligible the ITC by showing it in 3B :
show it under Table 4 , row 5 all other ITC
& In Row Row B (2) ITC reverse ,Others
show it under Table 4 , row 5 all other ITC
& In Row Row B (2) ITC reverse ,Others
Bank is not issuing the tax invoice for bank charges as the amount is very small, can we take input credit now.
Not possible to take itc when tax invoice not received by bank.
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