Sir I have bank charges in GSTR-2A..
Can I claim..
Also I have insurance charges in GSTR-2A.. can I claim those..??
5 Replies
Kunal Mittal
(FINANCE OFFICER)
(580 Points)
Replied 25 September 2019
Yes you can claim bank charges but you cannot claim insurance charges of car or life insurance. All other insurance you can claim.
derickjack
(Executive)
(22 Points)
Replied 25 September 2019
Any reason we cannot claim car life insurance? or it is monopoly.
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 25 September 2019
| Originally posted by : derickjack | ||
 |
Any reason we cannot claim car life insurance? or it is monopoly. |
 |
The Car insurance will be blocked as per sec 17(5) of CGST act related activity.
Piali Roy Chowdhury
(605 Points)
Replied 25 September 2019
You can claim ITC on Bank Charges reflected in your GSTR-2A. However cannot claim ITC on Car Insurance
Shivam RC
(Student)
(23683 Points)
Replied 25 September 2019
You can claim ITC on Bank Charges which is reflecting on your GSTR-2A.
As far as Motor Vehicle Insurance Charges is concerned, you cannot claim ITC as it is BLOCKED U/s 17(5) of the CGST Act 2017.
As far as Motor Vehicle Insurance Charges is concerned, you cannot claim ITC as it is BLOCKED U/s 17(5) of the CGST Act 2017.
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