Itc against insurance paid mbd policy

This query is : Resolved 

26 July 2017 Can registered company take ITC against insurance paid machine break down policy and fire policies etc


Regards

27 July 2017 Yes, GST paid on these premiums is allowed as ITC.

27 July 2017 Thank you sir, can you brief about under which section it comes.

Regards


27 July 2017 Section 2(59) read with Section 16



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