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Building insurance gst
can I claim building insurance input credit
Replies (4)
Yes you can claim... Only life insurance and health insurance are exempted...
Sir which section
Section 17(5) of CGST Act restricts ITC claim. 17(5)(aa), 17(5)(b)(i) relate to insurance restrictions.
To add to Mr. Davids answer - motor vehicle insurance is also not eligible where such motor vehicle would not be eligible as credit upon purchase.
Sir are you using the Building for Office purpose ???
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