1. Can ITC be claimed on Car insurance premium paid?
2. Is GST chargeable on maintenance paid to society?
ITC on car insurance NO
Yes Gst applicable for maintenance of society
10 Replies
achuth menon
(274 Points)
Replied 17 March 2018
in case of maintenance paid to society upto 5000 exempted so on a value of upto 5000 no ITC available
sandip
(article)
(36 Points)
Replied 17 March 2018
Sneha itc associated to good on which the credit is blocked not allowed in gst
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 17 March 2018
sir it's exemption upto 7500/- per member
shabeer ali
(student)
(39 Points)
Replied 17 March 2018
ITC on car insurance is eligible only for specified service like transportation of passengers ,goods etc
Kother Mohideen
(Asst Manager)
(23 Points)
Replied 19 March 2018
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
Mukesh Sikarwar
(Manager (Indirect Taxation))
(248 Points)
Replied 20 March 2018
(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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