Fixed Asset GST input claim


This query is : Resolved 

Quick Summary
This discussion clarifies the eligibility of claiming GST input tax credits on insurance for fixed assets. Generally, GST input can be claimed on fixed asset insurance, with exceptions for motor cars. It's also confirmed that building insurance is eligible for GST input claims.

(Querist)
14 April 2022 Hi,

Can we claim GST input on fixed asset insurance

14 April 2022 Yes, if it is not related to motor car or building.

14 April 2022 @Lekhraj Sood why not on Building Insurance?

14 April 2022 Sorry, i didnt see the insurance word.It is allowed on building as well


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