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Gst input on expenses

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service
179 Points Posted on 04 October 2020
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.
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On 04 October 2020 at 09:30 Report
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9 Points Posted on 04 October 2020
If it is used for transportation of goods then allowed.... otherwise not allowed for taking ITC
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On 04 October 2020 at 10:13
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Tax and Business Consultant
11616 Points Posted on 04 October 2020
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.
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On 04 October 2020 at 10:33


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