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
3 Replies
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)
(55052 Points)
Replied 20 February 2019
As per New Amendment Act 31, 2018 , the ITC on insurance of Motor vehicle can claim only .
1. If the Motor vehicle Used for transportation of person with approved seating capacity 13 (Includes Driver)
2. further supply of Motor vehicle
3. for transportation of Goods
1. If the Motor vehicle Used for transportation of person with approved seating capacity 13 (Includes Driver)
2. further supply of Motor vehicle
3. for transportation of Goods
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