GST input credit allowed or not
Swaminath Jaiswar (15 Points)
18 July 2020
GST paid on mediclaim insurance policy by individual allowed GST input credit or not.
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 18 July 2020
No... ITC can't be avail for taken Health insurance by individual (self).
Shivam RC
(Student)
(23683 Points)
Replied 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.
Hence ITC of GST paid on Mediclaim Insurance is not allowed.
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