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.

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.

03 March 2022 thank you very much sir

04 March 2022 Most Welcome ....


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