GST refund

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3 Points Joined September 2018
I have a I a life insurance policy
can the gst paid on this policy be claimed.... I have a valid GST no....
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On 11 September 2018 at 15:23 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
No.. .. ... ...
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On 11 September 2018 at 15:36
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82 Points Joined May 2018
no you cant sir
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On 11 September 2018 at 15:45
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24196 Points Joined May 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.
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On 11 September 2018 at 18:35
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82 Points Joined May 2018
hi vinod babu sir,
yes sir its the correct explanation
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On 11 September 2018 at 18:46
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24196 Points Joined May 2018
Thank you Mukesh ji..
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On 11 September 2018 at 18:51
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3 Points Joined September 2018
Okk... I got it... I was confused about it.... Thanks
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On 11 September 2018 at 21:30


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