Dear All,
We have paid Rs. 66,327/-+IGST 11,938/- for group personal insurance.
Please confirm whether we can take input tax credit under GST Act.
Please do the needful.
With Advance thanks
Pradeep Kumar T V
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Input tax credit on group personal insurance under gst
Replies (4)
HEALTH & LIFE ITC IS BLOCKED SO CANT TAKE CREDIT OF SAME
no itc
(We have paid.......??)
What is this meaning of "WE HAVE PAID"...?
Are you individual or Company or Any business entity?
What is this meaning of "WE HAVE PAID"...?
Are you individual or Company or Any business entity?
The Group personal accident policy is not a health insurance and therefore does not fall within the ambit of blocked credit u/s 17(5) (b) (iii). The GST paid on GPA policy is very much eligible for ITC under GST laws.
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