AInput Tax Credit Availability
This query is : Resolved
25 October 2021
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
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
25 October 2021
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.
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.
25 October 2021
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
Please clarify this also
Thanks
25 October 2021
Availing ITC on Health-Insurance will be available on a new insurance which is being taken in October 2021
26 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..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- ITR 1: Details for showing Exempt Income
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
