GST CLAIMS


This query is : Resolved 

Quick Summary
This discussion clarifies whether GST paid on life insurance policy premiums can be claimed alongside the premium itself under Section 80C of the Income Tax Act. The consensus is that the total payment, including the GST component, is indeed eligible for deduction. This means you can claim Input Tax Credit (ITC) on the entire premium amount paid.

(Querist)
02 March 2022 Sir
while claiming the premium paid recpts for lic policy under 80c can be claim gst paid also along with the premium paid.

03 March 2022 Yes. total payment including GST is eligible for deduction u/s. 80C of IT act..

03 March 2022 Yes you can claim ITC against the whole premium amount.

suja pirama (Querist)
03 March 2022 thank you very much sir

04 March 2022 Most Welcome ....


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details