GST ITC AVAILABILITY OF STAFF INSURANCE

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This query is : Resolved

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You can generally claim Input Tax Credit (ITC) on staff health insurance under GST. While Section 17(5)(b) mentions restrictions for life and health insurance, there are exceptions. You may still be able to claim ITC if you resell these services, offer them as part of a composite sale, or if providing them is a legal requirement for your business.

SHYAM KRISHNAN K

SHYAM KRISHNAN K (Querist)

08 April 2023 Is there any restriction in claiming ITC on staff health insurance

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

08 April 2023 No, it's not restricted.

SHYAM KRISHNAN K

SHYAM KRISHNAN K (Querist)

08 April 2023 Under Section 17 5 b there is life insurance and health insurance.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

08 April 2023 Check for the exemption applicability....

You can still claim ITC on food expenses, health service costs, renting of conveyances and insurance if-

You are reselling the same goods or services
You are reselling these together with other goods or services as a composite or mixed sale
It’s mandatory for the employer to provide the above services or goods to its employees to comply with any law.

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