ITC on insurance on goods
ankababu (Accountant) (105 Points)
25 February 2018
ITC on transit insurance
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 25 February 2018
Yes... You can avail the ITC benefit.
Alok Sharma
(52 Points)
Replied 25 February 2018
Transit Insurance is service used in the course of business. So, GST paid on this is allowed as Input tax credit.
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