Claim input gst of standard fire & special perils policy
This query is : Resolved
Harikrishnan
(Querist)
10 April 2019
Sir/Madam,
We have a manufacturing company and Insured its Building, Plant & Machinery etc under "The New India Assurance Company Limited". In March 2019 I had renewed my policy and received a GST Invoice with my GSTIN and clearly mentioned Insurance amount, CGST and SGST, can I take Input of this invoice.
We have a manufacturing company and Insured its Building, Plant & Machinery etc under "The New India Assurance Company Limited". In March 2019 I had renewed my policy and received a GST Invoice with my GSTIN and clearly mentioned Insurance amount, CGST and SGST, can I take Input of this invoice.
CA Anita Bhadra
(Expert)
10 April 2019
In my view ,
You can take ITC on insurance on Building , Plant & Machinery
Sec 17(5) Blocks credit on health Insurance & Insurance on Motot Vehicle only
You can take ITC on insurance on Building , Plant & Machinery
Sec 17(5) Blocks credit on health Insurance & Insurance on Motot Vehicle only
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