Dear Sir
Can we claim ITC on bank charges
Amount reflect in 2A by bank
9 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 17 July 2020
Yes, You can claim if reflected in GSTR 2A.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 17 July 2020
Yes... You can claim ITC for that.
Note : invoice must be get from bank or (it's through your mail id)
Note : invoice must be get from bank or (it's through your mail id)
annu Goyal
(1102 Points)
Replied 17 July 2020
Yes , you can claim ITC on Bank charges and it is common ITC soo take care about nature of supply, If all taxable supply then claim full otherwise proportionally and it must be reflected in GSTR 2A
Shivam RC
(Student)
(23683 Points)
Replied 17 July 2020
Yes you can claim ITC on Bank Charges being reflected in your GSTR-2A.
Naveen Kumar
(629 Points)
Replied 20 July 2020
Sir, I checked from email id not received any bill and bank also unable to provide bill so can I avail ITC or note
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 July 2020
No... If You don't have invoices then better to get it from bank. If they can't give invoice then complain to "Bank Ombudsman".
Otherwise the ITC taken without invoice then its problem in future.
Otherwise the ITC taken without invoice then its problem in future.
Shivam RC
(Student)
(23683 Points)
Replied 20 July 2020
As per the Provision of Section 16(2) of the CGST Act 2017, ITC on Goods or Services or both can be availed only when the following FOUR CONDITIONS are satisfied :
(1). Possession of a Tax Invoice.
(2). Received the Goods or Services.
(3). The Supplier must have paid the Taxes.
(4). The Recipient must have filed the Return.
So if you are not in a possession of a Tax Invoice, then the condition of sub-section (2) of Section 16 is breached. Hence you should not avail ITC to avoid any type of Departmental harassment in the future.
(1). Possession of a Tax Invoice.
(2). Received the Goods or Services.
(3). The Supplier must have paid the Taxes.
(4). The Recipient must have filed the Return.
So if you are not in a possession of a Tax Invoice, then the condition of sub-section (2) of Section 16 is breached. Hence you should not avail ITC to avoid any type of Departmental harassment in the future.
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