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Gst input on expenses
I have a query regarding gst. General insurance paid for factory premises, car insurance paid for transport of goods for factory purposes are eligible to take gst input. Please suggest me.
Replies (2)
Quick Summary
If it is used for transportation of goods then allowed.... otherwise not allowed for taking ITC
1. General insurance paid for factory premises.... Allowed.
2. Car insurance....not allowed, whether used for business purposes or not
3. Goods carriage Vehicle insurance like trucks ect...... allowed if used for business purposes.
2. Car insurance....not allowed, whether used for business purposes or not
3. Goods carriage Vehicle insurance like trucks ect...... allowed if used for business purposes.
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