Gst of life insurance policy
This query is : Resolved
Harikrishnan
(Querist)
17 October 2018
Receipt of Every Life Insurance Policy is shown Policy Amount + GST Amount.
Can Claim GST of Proprietor's Personal Life Insurance Policy?
Can Claim GST of Proprietor's Personal Life Insurance Policy?
12 November 2018
No. We cant avail ITC on insurance service. Please read sec 17(5) for more clarification.
Harikrishnan
(Querist)
13 November 2018
Please give details of Sec 17(5)
Harikrishnan
(Querist)
13 November 2018
One Insurance Company Billed with our company GST Number and charged GST @18% for vehicle Insurance. This ITC is shown in our GST2A. Can I claim this GST
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