Shop insurance ITC eligibility?

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32 Points Joined February 2020
Is ITC allowed on shop insurance?
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On 26 January 2021 at 22:13 Report
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Chartered Accountant
494 Points Joined August 2015
You can take only life and health insurance is blocked via section 17(5) of cgst act
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On 26 January 2021 at 23:46
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GST Practitioner
55067 Points Joined June 2017
Yes ITC can be claimed. but subject to provision of Section 16 ,R/w rule 36(4) of CGST Act
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On 27 January 2021 at 00:03

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