Input tax credit-Blocked credit U//S 17(5)
This query is : Resolved
22 February 2022
Can ITC be claimed for GST paid on Employee deposit linked insurance(EDLI)?? since section 17(5) specifies that if any insurance payment made by the company as a part of statutory obligation, Then ITC Is permissible and EDLI Is governed by EPF Act.
22 February 2022
Yes, ITC can be claimed on such insurance payment.
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