Sir/ Mam , Our Bank has uploaded GST on Bank charges from Aug’19. I have not claimed ITC of such Bank charges in GSTR-3B from Aug’19 GSTR-3B. Aggregate of ITC on Bank charges upto March’20 is approx Rs 2000 (CGST+SGST).
Query- Can i claim ITC of this bank charges in May’20 GSTR-3B ?? Is it correct ??
2) Whether Banks issue a consolidated tax invoice for the month ??
Frah Saeed Answered question July 8, 2020
If ITC is missed same can be availed afterwards but within time limit prescribed under Sec 16(4). ITC of bank charges of Aug, 19 can be availed till filing of GSTR-3B of Sept,2020.
2. NO such provision in GST law.
Team Clearmytax.in
Frah Saeed Answered question July 8, 2020