Gst input on group insurance
This query is : Resolved
05 March 2018
Dear Sir / Madam,
Our company takes Group Accident insurance of staff on which GST is charged by the insurance company. Please let me know whether the ITC available on this GST amount or not.
Thanking in advance,
Vinod Kumar Shukla
9167230106
Our company takes Group Accident insurance of staff on which GST is charged by the insurance company. Please let me know whether the ITC available on this GST amount or not.
Thanking in advance,
Vinod Kumar Shukla
9167230106
05 March 2018
ITC is not available.
05 March 2018
Yes...
ITC can be available for used in Furtherance of business activity.
ITC can be available for used in Furtherance of business activity.
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