Can we claim input?
Paid on premium to LIC we can take that input amount
Replies (2)
No can not claim Input Tax credit in respect premium paid for life Insurance as per section 17(5) of the CGST act 2017 .
But it is paid for the gratuity for the employess
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
