Eligibility for ITC on Medical Insurance Premium

355 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

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. IPO application checklist: 18 rules that decide wh
  2. NSE IPO Price, GMP, Allotment Date and Listing
  3. Gst tax rate
  4. Cash deposited by customer
  5. CAPITAL GAIN REG
  6. Built a simple tool to automate client document fo
  7. Capital Gain on Sale of SRA Allotted Flat Received
  8. Discrepancy in Auto populated figures in GSTR1 of
  9. What should I do after receiving a GST Show Cause
  10. Discuss and Download CA Inter Question Paper Septe

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details