input GST on bank charges

PRASHANT S KULKARNI (Student) (29 Points)

27 September 2017

Can a NBFC take input GST credit on bank charges like cheque return charges, cash handling charges, cheque book issue charges..etc?

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2 Replies

Dr. ShamsheerKhan (Director of S S Associates) (968 Points)
Replied 27 September 2017

Not only Nbfc but every registered person under GST can claim ITC. For this one has to update their GSTIN number in their bank account records.

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 27 September 2017

Yes. I agreed with Mr Pathan.
We can take ITC on Bank's service charges related GST...

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