friends,
please help me with as per provisions of GST, can I Claim ITC on factory insurance paid?
Menu
Can we claim ITC on factory insurance
Replies (7)
yea ....ITC available
yes you can claim.
because it is for business
because it is for business
ITC is available on insurance paid for the above case as it is in course & furtherance of Business.
If it is in regard to machinery, stock yes you can but in regard to building then No...block under section 17(5)
it is related to factory, where we are carrying out the manufacturing activities
YOU CAN CLAIM
For Furtherance of business you can clam ITC on factory insurance...
Recent Threads
- Query on Buy Back of shares
- Best Ca Inter coaching in Laxmi Nagar
- Why do so many SMEs struggle to scale?
- ITR Processing Delay 2025 - Common Reasons & Pr
- Heard & Seen Around – Your Daily Economi
- First time itr4 filing
- Notice of not filing GSTR 10 after 7years
- Turnover not shown in GTSR -3B want to add and pay
- Suggestion needed for CA Inter Costing for Jan 26
- Heard & Seen Around – Your Daily Economi
Related Threads
CAclubindia
