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
Ravi SADhiyan (Practice) (4510 Points)
30 January 2018Whether 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
Uday Sakrikar
(Manager Finance)
(43 Points)
Replied 31 January 2018