ITC of Workmen Compensation Policy


This query is : Resolved 

Quick Summary
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.

(Querist)
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??

08 January 2020 Yes ITC can be taken on it as it's related to business.

08 January 2020 Yes itc can be claimed workmen compensation policy

rupesh (Querist)
03 March 2020 Thank you for the reply sir

03 March 2020 Welcome...................


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