Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

GST on Bank Charges

Raval Prashant (39 Points)

21 May 2018

Dear

How can I claim GST Credit on Bank Charges Without Bank Advise. But shown in 2A.

Any one help me for this query.

Reply
Follow
Share

6 Replies

Vinod Babu (24191 Points)
Replied 21 May 2018

every registered person under GST can claim ITC. For this one has to update their GSTIN number in their bank account records.

Upgrade to CAclubindia Pro. Subscribe Now!

Raval Prashant (39 Points)
Replied 21 May 2018

Dear Vinodji

I have already submitted my GSTN Nu in Bank and also My ITC Shown in 2A, But without advice how can claim ITC

Vinod Babu (24191 Points)
Replied 21 May 2018

In my opinion I think that bank advise is not needed because bank will upload all the transactions in the returns.
Any way wait for our experts opinions.

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 22 May 2018

Yes , as per section 16(2), CGST ,ITC can avail only when one is in possession of Tax Invoice , Hence ask for tax invoice from Bank (Bank issue a consolidate tax invoice statement)

2 Like