Whether eligible GST input


This query is : Open 

Quick Summary
This discussion explores the eligibility of GST input tax credit (ITC) for various business insurance policies. Generally, ITC is not available for car insurance, factory building, office building, and warehouse insurance unless capitalised. However, ITC is available specifically in cases of stock insurance.

28 May 2022 whether eligible GST Input on INSURANCE OF
GST input on car insurance
GST input on stock Insurance
GST input on Factory Building and office Building and warehouse insurance

28 May 2022 For business other than car dealing, transportation of passengers and imparting training of driving:
1) Not available
2) Available
3) Available if not capitalised

04 June 2022 ITC available only in case of stock insurance.


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