Eligibility for ITC on Medical Insurance Premium

336 views
User Avatar

Accountant
76 Points Posted on 14 August 2021

Information:  Sir,  My Client (Pvt Ltd Co doing Software Service and Not covered ESIC and EPF) Medical Insurance Premium Paid for its staffs to Insurance Company,  Insurer Collecting GST on Premium.

Question:  GST on Insurance Premium is eligible to claim ITC ?

Thanks in Advance

 

0 Reply Share Follow
On 14 August 2021 at 08:23 Report
Replies (10)
Quick Summary
This discussion clarifies whether a private limited company, not covered by ESIC or EPF, can claim Input Tax Credit (ITC) on medical insurance premiums paid for its staff. The consensus is that ITC is generally not eligible for employee insurance unless it is a mandatory requirement by law, citing Section 17 of blocked ITC.

User Avatar

Chartered Accountant
24588 Points Posted on 14 August 2021
No ITC cannot be claimed
Reply
On 14 August 2021 at 09:17
User Avatar

157 Points Posted on 15 August 2021
As per section 17 blocked itc you can not avail this itc credit
Reply
On 15 August 2021 at 11:03
User Avatar

Chartered Accountant
24588 Points Posted on 15 August 2021
Agreed
Reply
On 15 August 2021 at 12:10
User Avatar

157 Points Posted on 15 August 2021
Thank you
Reply
On 15 August 2021 at 12:20
User Avatar

Chartered Accountant
24588 Points Posted on 15 August 2021
Your welcome
Reply
On 15 August 2021 at 12:58
User Avatar

Accountant
76 Points Posted on 15 August 2021

Thanks, Sourav and zulfikar Sipai

 

Reply
On 15 August 2021 at 18:05
User Avatar

Chief Accountant
3150 Points Posted on 17 August 2021
Not eligible to claim
Reply
On 17 August 2021 at 02:16
User Avatar

Chartered Accountant
24588 Points Posted on 22 August 2021
Your welcome
Reply
On 22 August 2021 at 06:26
User Avatar

GST Consultant
15986 Points Posted on 22 August 2021

ITC is not available on any insurance on employees unless it is mandatory under any law.

Reply
On 22 August 2021 at 19:05
User Avatar

Accountant
76 Points Posted on 22 August 2021

Thanks, Mr.Nidhi and Mr.Zafer

Reply
On 22 August 2021 at 21:04

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. TDS Code for Salary Payment to Non-Resident Intern
  2. TDS on property
  3. Company data for software
  4. Car purchase to be eligible for ITC
  5. GST Refund on payment to builder
  6. TDS u/s 194Q on electricity supply by DHBVN etc.
  7. Subject: Can I Apply for Fresh GST Registration on
  8. Additional place in GST RC
  9. Company 3 months old, INC-20A not filed, all 3 of
  10. How do I choose the Best GST Lawyers in New Delhi

More recent discussions | Post

Related Topics :

Loading