Itc For Bank Charges


Basheer PM
watch_later 3 years, 5 months ago

In the Bank Statements, we find some entries where bank has debited us some Bank Charges and also charged CGST and SGST . However we have not received hard copy or soft copy of that invoices.

My Query is can we claim ITC for these entries?. How to get the Invoices for our records ?

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1 Answer

GST Payer watch_later 3 years, 5 months ago
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Almost all banks where you have current account are asking for your GSTIN number.

Provide your GST number to banks and you will get automatically input credit once banks file their GSTR-1.

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    Thanks Sir. One of the conditions for claiming ITC is that we should have a tax invoice issued by the registered person (here, the bank). Most of the banks seems not to give the same to us. Will it suffice if we have the statement ? - Basheer PM
    If you go to online bank account, click on charges you will get instruction that itself is invoice. Actually bank statement is invoice for that purpose. - GST Payer
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