I have a I a life insurance policy
can the gst paid on this policy be claimed.... I have a valid GST no....
6 Replies
Vinod Babu
(24191 Points)
Replied 11 September 2018
In my view , Life insurance policy generally is taken on human life, so it will be treated personal expenses.
So it can't be treated as business expenses. So no way claiming ITC on it.
So it can't be treated as business expenses. So no way claiming ITC on it.
Mukesh Mukhi
(82 Points)
Replied 11 September 2018
hi vinod babu sir,
yes sir its the correct explanation
yes sir its the correct explanation
Prabhjot Soni
(3 Points)
Replied 11 September 2018
Okk... I got it... I was confused about it.... Thanks
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