Can we claim input?

200 views
User Avatar

81 Points Posted on 27 March 2019
Paid on premium to LIC we can take that input amount
0 Reply Share Follow
On 27 March 2019 at 15:56 Report
Replies (2)
User Avatar

GST Practitioner & Accounts
15150 Points Posted on 27 March 2019

No can not  claim Input Tax credit  in respect  premium paid  for   life Insurance  as per section 17(5)  of the CGST act 2017 . 

1 Reply
On 27 March 2019 at 16:17
User Avatar

81 Points Posted on 28 March 2019
But it is paid for the gratuity for the employess
Reply
On 28 March 2019 at 10:06

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Income tax act 2026
  2. Belated Return where Form 10IEA filed this year to
  3. GST Reconciliation Tool (2A vs Books) - looking fo
  4. TDS ON PF FORM 19 WITHDRAWAL
  5. Can a virtual office in Mumbai be used for company
  6. Eway and e invoicing in condition where 4 party ar
  7. Bank balance in ITR-3
  8. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  9. Tempsens Instruments IPO GMP Allotment Listing dat
  10. Upload Type - Correction. Not showing in TDS filli

More recent discussions | Post

Related Topics :

Loading