ITC available on Reimbursement of Insurance Premium
This query is : Resolved
Quick Summary
20 May 2020
Hi,
A company paying WC Insurance Premium for its employees who are working through contractor.Insurance company issuing Invoice in the name of Labour Contractor.
Can the company take itc on it? and what is the GST impact to the company on the above transaction?
A company paying WC Insurance Premium for its employees who are working through contractor.Insurance company issuing Invoice in the name of Labour Contractor.
Can the company take itc on it? and what is the GST impact to the company on the above transaction?
CA R SEETHARAMAN
(Expert)
20 May 2020
Company can't take ITC on it as the invoice is in the name of contractor.
Take the invoice in the name of the company to claim ITC.
Take the invoice in the name of the company to claim ITC.
KAVIRAJA ADDANGADI
(Expert)
21 May 2020
No itc not available since insurance not invoiced in company name.
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