banner_ad

GST input credit allowed or not

233 views 5 replies
User Avatar

15 Points Posted on 18 July 2020
GST paid on mediclaim insurance policy by individual allowed GST input credit or not.
Reply Share Follow
On 18 July 2020 at 21:11 Report
Replies (5)
User Avatar

1102 Points Posted on 18 July 2020
No, credit is available
1 Reply
On 18 July 2020 at 21:55
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 18 July 2020
No... ITC can't be avail for taken Health insurance by individual (self).
463 Reply
On 18 July 2020 at 22:08
User Avatar

Student
23688 Points Posted on 19 July 2020
As per the Provision of Section 17(5) clause (g) of the CGST Act 2017, ITC is specifically BLOCKED incase of "Goods or Services or both used for PERSONAL CONSUMPTION."

Hence ITC of GST paid on Mediclaim Insurance is not allowed.
97 Reply
On 19 July 2020 at 00:56
User Avatar

15 Points Posted on 19 July 2020
Thanks to All for your valuable advice.
Reply
On 19 July 2020 at 10:44
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 19 July 2020
You are most welcome
463 Reply
On 19 July 2020 at 10:45


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details