Gst on mediclaim insurance premium

This query is : Resolved

ARUN GUPTA (Querist)
Follow

01 October 2023 I have take mediclaim and paid premium with gst on it.The company took my gst no and showed in the gst returns.

Can I claim ITC ON MEDICLAIM PREMIUM PAID IN MY PROPRIETORSHIP GST FORM?

PLEASE ADVISE AND CLARIFY?

ARUN GUPTA

ARUN GUPTA (Querist)
Follow

01 October 2023 I have gst registered proprietorship firm

RAJA P M

RAJA P M (Expert)
Follow

01 October 2023 What is the purpose of the insurance...??? If this is Your self then You can't claim ITC... In case it's for Your employees then you can claim.

ARUN GUPTA

ARUN GUPTA (Querist)
Follow

01 October 2023 This is for my self as I am proprietor of my firm

RAJA P M

RAJA P M (Expert)
Follow

01 October 2023 The ITC is not available. It's under ineligible ITC.

ARUN GUPTA

ARUN GUPTA (Querist)
Follow

01 October 2023 My wife is the employee of firm.Can I claim ITC on mediclaim premium paid by my firm as employee?

CA Altamush Zafar

CA Altamush Zafar (Expert)
Follow

02 October 2023 ITC on mediclaim insurance premium is not available even if taken for employees. Its only available if such insurance is made mandatory by law..