This discussion clarifies whether Input Tax Credit (ITC) for GST can be claimed on insurance premiums paid for a Workmen Compensation Policy for a Private Limited Company. The consensus is that ITC can indeed be claimed, as the policy is considered a business-related expense.
08 January 2020
IMPORTANT AND URGENT!! Can we take Input Tax Credit of GST for insurance premium paid on Workmen Compensation Policy for a Private Limited Company??