Eligibility for ITC on Medical Insurance Premium

391 views
User Avatar

Accountant
51 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 Topic
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
16188 Points Posted on 14 August 2021
No ITC cannot be claimed
Reply
On 14 August 2021 at 09:17
User Avatar

146 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
16188 Points Posted on 15 August 2021
Agreed
Reply
On 15 August 2021 at 12:10
User Avatar

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

Chartered Accountant
16188 Points Posted on 15 August 2021
Your welcome
Reply
On 15 August 2021 at 12:58
User Avatar

Accountant
51 Points Posted on 15 August 2021

Thanks, Sourav and zulfikar Sipai

 

Reply
On 15 August 2021 at 18:05
User Avatar

Chief Accountant
1673 Points Posted on 17 August 2021
Not eligible to claim
Reply
On 17 August 2021 at 02:16
User Avatar

Chartered Accountant
16188 Points Posted on 22 August 2021
Your welcome
Reply
On 22 August 2021 at 06:26
User Avatar

GST Consultant
10402 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
51 Points Posted on 22 August 2021

Thanks, Mr.Nidhi and Mr.Zafer

Reply
On 22 August 2021 at 21:04

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. User not found in MCA portal
  2. GST RATE ON FILM PRODUCTION
  3. Section 54
  4. Why are foreign investors suddenly buying Indian s
  5. TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &amp
  6. Query to Tax Garden tax consultant
  7. Subject: Urgent Assistance Required – TRACES
  8. Claiming business re-imbursements while filing GST
  9. E-waybill 14 Digit Numbring
  10. Non filing of MGT-14 for MD appointment

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
13 November 2026
Accountant

New Mobile India

Muzaffarpur

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details