Gst inputax credit on employee insurance
This query is : Resolved
08 August 2018
Dear sir,
Can we take GST inputax credit on employee insurance.
Can we take GST inputax credit on employee insurance.
08 August 2018
Yes provided the Govt notifies the services which are obligatory for an employer to provide so eg ESI
08 August 2018
As per Section 17(5)(iii) of the CGST Act, in general input tax credit on life insurance or health insurance is not admissible. However, when taking such insurance is obligatory for an employer to provide to its employees under any law, input tax credit is available.
08 August 2018
Thank you so much sir.
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