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AInput Tax Credit Availability

This query is : Resolved 

Respected Expert,
Please provide Guidance
Can a Private Limited Company avail Input Tax Credit of GST for Employees Health Insurance Premium Paid by it during FY 2021-22.

Thanks in Advance

Yes, ITC can be claimed.

Now ITC can be availed which was earlier blocked on Health-Insurance and hiring of motor vehicle for transportation of employees from 15th April 2020

Due to COVID-19 epidemic in the country, Government has made certain services obligatory for employer to provide to its employees.

Sir Thank You For the Guidance. I just wanted to confirm whether availing ITC on Health-Insurance will be available on a new insurance which is being taken in October 2021 or was it only allowed for a particular period starting from 15th April 2020 and now the period is over.
Please clarify this also
Thanks


Availing ITC on Health-Insurance will be available on a new insurance which is being taken in October 2021


ITC on health insurance only applicable where the government has made it mandatory under any law. ITC will not be applicable even if such insurance is recommended by the government but not made mandatory under any law..



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