GST ITC AVAILABILITY OF STAFF INSURANCE
This query is : Resolved
08 April 2023
Is there any restriction in claiming ITC on staff health insurance
08 April 2023
No, it's not restricted.
08 April 2023
Under Section 17 5 b there is life insurance and health insurance.
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.
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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