ITC on Insurance ?

Krunal Shah (50 Points)

13 October 2019

Can we get Itc of Gst on insurance on fire & vehicle & employees welfare etc ?

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6 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 13 October 2019

No.... ITC is available only on insurance for stock

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 13 October 2019

ITC available only for the insurance of Fire...

ITC not available for Vehicle insurance...

Kapil Saini (4 Points)
Replied 13 October 2019

What is the place of place in case of billing to foreign party and goods delivered to domestic party??

jayant sharma (6 Points)
Replied 13 October 2019

According to gst act sec17(5) ITC was not available on vehicle insurance.

CA Dhruva Kalamanji (Chartered Accountant ) (1996 Points)
Replied 13 October 2019

Only on fire you can claim not others

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 14 October 2019

@ Kapil Saini

Its normal domestic sale .

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