1. Can ITC be claimed on Car insurance premium paid?
2. Is GST chargeable on maintenance paid to society?
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GST ITC
Replies (10)
ITC on car insurance NO
Yes Gst applicable for maintenance of society
Yes Gst applicable for maintenance of society
in case of maintenance paid to society upto 5000 exempted so on a value of upto 5000 no ITC available
Sneha itc associated to good on which the credit is blocked not allowed in gst
sir it's exemption upto 7500/- per member
thanks pankaj sir for the update
u welcome dear
ITC on car insurance is eligible only for specified service like transportation of passengers ,goods etc
correct shabeer ji
Sir.My Clint Selling few more products to unregistered person. Then He return one product. I am also issuing credit Note. How to file in gstr portel. Plz explain
(A) ITC Cannot claim for Purchase of Motor vehicle and Insurance on car or also not available for rent-a-cab, health insurance and life insurance.
(B) Maintenance paid to socity exemption limited enhances Rs. 7500.00 per month.
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