Gst credit

This query is : Resolved

Nitesh Maheshwari (Querist)
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23 February 2018 Employer has taken Group Life insurance policy , Group Term Insurance Policy and mediclaim policy for his employee , and paid renewal premium .
is employer is eligible to take GST Credit on insurance policy premium .

Thanks

ND (Expert)
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23 February 2018 In my view it is not allowed if it doesn't form part of CTC of employees and is not a statutory obligation on the part of employer.

RAJA P M

RAJA P M (Expert)
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23 February 2018 Yes... ITC is available if it's used in Furtherance of business... As per my view it's in Furtherance of business. You can avail the benifit of ITC...

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