Whether company can take itc of gst on part of prepaid insur

Ravi SADhiyan (Practice) (4510 Points)

30 January 2018  

Whether Company can take ITC  of GST on part of Prepaid insurance.

For Example

Insurance Amt 10000plus GST Rs. 1800

Insurance Exp C.Y.. 2500

Prepaid Insurance Rs. 7500

Whether we can take whole credit or partial in above cases