GST credit on group gratuity scheme

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GURLEEN KAUR (Querist)
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17 November 2020 can i avail GST credit on group gratuity scheme in case of a company. scheme covers risk for life cover and gratuity?

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Guest (Expert)

17 November 2020 Here, GST applies on life insurance cover, which is not allowed to be claimed.

CMA Bhavya

CMA Bhavya (Expert)
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17 November 2020 Dear Sir/Madam,
Section 17(5)(b) of CGST Act 2017 ...
(i) food and beverages, outdoor catering, beauty treatment, health services, cosmetic and plastic surgery, leasing, renting or hiring of motor vehicles, vessels or aircraft referred to in clause (a) or clause (aa) except when used for the purposes specified therein, life insurance and health insurance;

its listed in blocked credit so you cannot avail the ITC on life insurance.

regards,
Bhavya.P

Lekhraj sood

Lekhraj sood (Expert)
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17 November 2020 However, you can claim on the gratuity portion. Take a bifurcation from the service provider.

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