ITC claim against stock insurance
Mukesh babu (No) (105 Points)
01 February 2020
whether stock insurance can be claimedas input tax credit in GST return???
14 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 01 February 2020
Yes... You can claim ITC for the Insurance of Stock...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 01 February 2020
Procedure....?!
No more special procedure for this...!
No more special procedure for this...!
Mohd Khalid
(493 Points)
Replied 01 February 2020
Means we can claim it like we claim on stock purchase
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 01 February 2020
Here I mean Stock as "Manufacturing goods, Raw Materials, Consumables and others items".
What You mean stock here...?!
What You mean stock here...?!
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 01 February 2020
Dear.,
What You selling...?!
What You selling...?!
Mohd Khalid
(493 Points)
Replied 01 February 2020
Bro I think you are not getting my point
Here I mean stock is the thing for which I'm doing trading means sale purchase
Here I mean stock is the thing for which I'm doing trading means sale purchase
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 01 February 2020
I got it already from Querist & after that Your question...
but, You can't ask it directly by your question...
Right now.,
If You are taking insurance for/on stock then You can claim ITC for insurance bill...
Any doubt now...?!
but, You can't ask it directly by your question...
Right now.,
If You are taking insurance for/on stock then You can claim ITC for insurance bill...
Any doubt now...?!
Mohd Khalid
(493 Points)
Replied 01 February 2020
OK bhai
So like that we can claim ITC on our capital goods like machinery
So like that we can claim ITC on our capital goods like machinery
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 01 February 2020
You are most welcome Dear Mr Mohd Khalid...
You are good going in CCI.
You are good going in CCI.
LAKSHMINATHAN.G
(Accountant)
(84 Points)
Replied 01 February 2020
Capital goods-ITC is to be the entry for claiming ITC
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