Gst credit
This query is : Resolved
Nitesh Maheshwari
(Querist)
23 February 2018
Employer has taken Group Life insurance policy , Group Term Insurance Policy and mediclaim policy for his employee , and paid renewal premium .
is employer is eligible to take GST Credit on insurance policy premium .
Thanks
is employer is eligible to take GST Credit on insurance policy premium .
Thanks
23 February 2018
In my view it is not allowed if it doesn't form part of CTC of employees and is not a statutory obligation on the part of employer.
23 February 2018
Yes... ITC is available if it's used in Furtherance of business... As per my view it's in Furtherance of business. You can avail the benifit of ITC...
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