GST on Assets Insurance


This query is : Resolved 

Quick Summary
This discussion clarifies whether GST Input Tax Credit (ITC) is available for expenses related to assets insurance. The consensus is that ITC is indeed claimable, provided the insured assets are used for business purposes. This offers valuable insight for businesses managing their tax liabilities.

14 May 2025 Dear Experts,

Is GST ITC available on Assets Insurance exps ?

14 May 2025 Yes. if the assets are for the carrying out business.

28 September 2025 Good luck.....


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