Shop insurance ITC eligibility?
Saurabh Malani (32 Points)
26 January 2021
Is ITC allowed on shop insurance?
2 Replies
akshay parakh
(Chartered Accountant)
(394 Points)
Replied 26 January 2021
You can take only life and health insurance is blocked via section 17(5) of cgst act
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 27 January 2021
Yes ITC can be claimed. but subject to provision of Section 16 ,R/w rule 36(4) of CGST Act
Recent Topics
- Softex For freelancer ?
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
Related Threads
CAclubindia
