ITC of gst on insurance of vehicle
Surjeet Kumar (67 Points)
20 February 2019
ITC of gst paid on insurance of motor vehicle can be claimed
Surjeet Kumar (67 Points)
20 February 2019
Rakesh Bandal
(Self Employed and Agriculture)
(1349 Points)
Replied 20 February 2019
Yes,
only health insurance (except compulsory by government) are not allowed as ITC under GST
CA Chetan M
(Practice)
(24 Points)
Replied 20 February 2019
Unless motor vehicle is being used for providing transportation of goods or passengers or for imparting training on driving, ITC on motor insurance cannot be utilized
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 20 February 2019
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
