GST INPUT ON CAR INSURANCE
Suresh Pandey (35 Points)
21 May 2018
Can I claim input on Car Insurance which is related to business?
4 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 21 May 2018
To play safe side, I would suggest you not to take ITC on car insurance as there is still confusion that if ITC on motor vehicle is not available, then whether person can take ITC on car repair and insurance.
Vinod Babu
(24191 Points)
Replied 21 May 2018
In my suggestion, insurance company does not issue B2B with Gstin number of clients.
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