Itc on bank charges/od charges/bank

Hi All,

Suppose  a manufacturing concern, manufacturing Rubber Products avails an overdraft facility from a bank. The bank, as usual, charges processing fees on the application. It also charges od/cc charges charges regularly.

So my query over here is can this organization avail Input Tax Credit on GST paid on Processing fees OD/CC charges/NEFT Charges/Bank Charges/any other charges where GST is collected from us

Expecting a reply from you.

 

Replies (1)
yes you can book ITC

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