Itc against insurance paid mbd policy
This query is : Resolved
26 July 2017
Can registered company take ITC against insurance paid machine break down policy and fire policies etc
Regards
Regards
27 July 2017
Yes, GST paid on these premiums is allowed as ITC.
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27 July 2017
Thank you sir, can you brief about under which section it comes.
Regards
Regards
27 July 2017
Section 2(59) read with Section 16
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