Can we claim ITC on Corporate Medical insurance to insurance company for our employees

HARI PRASAD REDDY.K (Accountant) (39 Points)

07 June 2021

Reply
Follow
Share

4 Replies

HARI PRASAD REDDY.K (Accountant) (39 Points)
Replied 07 June 2021

Can we claim ITC on Corporate Medical insurance paid to the insurance company for our employees..?

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 07 June 2021

No you cannot ITC in this case

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 07 June 2021

ITC will be available only if such insurance is mandatory under any law otherwise it is not available

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 09 June 2021

Yes it's not available

Start a New Discussion