Eligibility for ITC on Medical Insurance Premium

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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

 

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On 14 August 2021 at 08:23 Report
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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.

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Chartered Accountant
16188 Points Posted on 14 August 2021
No ITC cannot be claimed
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On 14 August 2021 at 09:17
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146 Points Posted on 15 August 2021
As per section 17 blocked itc you can not avail this itc credit
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On 15 August 2021 at 11:03
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Chartered Accountant
16188 Points Posted on 15 August 2021
Agreed
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On 15 August 2021 at 12:10
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146 Points Posted on 15 August 2021
Thank you
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On 15 August 2021 at 12:20
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Chartered Accountant
16188 Points Posted on 15 August 2021
Your welcome
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On 15 August 2021 at 12:58
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Accountant
51 Points Posted on 15 August 2021

Thanks, Sourav and zulfikar Sipai

 

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On 15 August 2021 at 18:05
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Chief Accountant
1673 Points Posted on 17 August 2021
Not eligible to claim
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On 17 August 2021 at 02:16
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Chartered Accountant
16188 Points Posted on 22 August 2021
Your welcome
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On 22 August 2021 at 06:26
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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.

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On 22 August 2021 at 19:05
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Accountant
51 Points Posted on 22 August 2021

Thanks, Mr.Nidhi and Mr.Zafer

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On 22 August 2021 at 21:04

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