Building insurance gst
shirish bajpai (manager accounts) (28 Points)
24 June 2020
can I claim building insurance input credit
shirish bajpai (manager accounts) (28 Points)
24 June 2020
David
(article Assistant)
(1639 Points)
Replied 24 June 2020
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 24 June 2020
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.
Shivam RC
(Student)
(23683 Points)
Replied 24 June 2020
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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