Do ITC is available on prepayment charges charged by bank?
5 Replies
Rohika PS
(student)
(263 Points)
Replied 09 August 2019
Bank charges are not listed in ineligible credits. ... In GST regime ITC is available for most of business expenses including bank charges You can claim ITC of GST on Bank charges. Ask for Bank's GSTIN no. and bank will give you an invoice at the month end.
Shivam RC
(Student)
(23683 Points)
Replied 11 August 2019
Respected Subhagan Sreerangam Sir,
It has been noticed for a couple of weeks that you are constantly posting the comment "GOOD CLARIFICATION AND INFORMATION " , for increasing your points. Kindly answer the question asked by the querist without just writing "good clarification and information"..
Please abide the rules and regulations of this group. All the members, employees, executives of caclubindia are trying their level best to make this app as the Best Professional Application.
I have no intention to hurt you Sir..
Thank You.
Warm Regards.
It has been noticed for a couple of weeks that you are constantly posting the comment "GOOD CLARIFICATION AND INFORMATION " , for increasing your points. Kindly answer the question asked by the querist without just writing "good clarification and information"..
Please abide the rules and regulations of this group. All the members, employees, executives of caclubindia are trying their level best to make this app as the Best Professional Application.
I have no intention to hurt you Sir..
Thank You.
Warm Regards.
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