IGST CLAIM ON INSURANCE

219 views
User Avatar

3 Points Posted on 01 January 2022
Sir, Kya hum Pvt Ltd Company Mein Company Ke Naam Se Liye Gaye Truck, Car Etc. Ke Insurance Ka GST Claim Kar Sakte Hein
0 Reply Share Follow
On 01 January 2022 at 11:49 Report
Replies (3)
Quick Summary
This discussion clarifies whether a Private Limited company can claim Goods and Services Tax (GST) on insurance policies taken out for company vehicles such as trucks and cars. The advice given is that Input Tax Credit (ITC) for truck insurance is claimable if the vehicle is used for transporting business goods. However, ITC for car insurance is generally not allowed.

User Avatar

CA
10436 Points Posted on 01 January 2022
You can claim itc of truck if you are using it for the purpose of transporting of goods of your business but itc of car will not be allowed
1 Reply
On 01 January 2022 at 13:46
User Avatar

3 Points Posted on 01 January 2022
Thank s Sir
Reply
On 01 January 2022 at 13:54
User Avatar

CA
10436 Points Posted on 01 January 2022
Please like my reply if you are satisfied
1 Reply
On 01 January 2022 at 13:55

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. TDS on property
  2. Company data for software
  3. Car purchase to be eligible for ITC
  4. GST Refund on payment to builder
  5. TDS u/s 194Q on electricity supply by DHBVN etc.
  6. Subject: Can I Apply for Fresh GST Registration on
  7. Additional place in GST RC
  8. Company 3 months old, INC-20A not filed, all 3 of
  9. How do I choose the Best GST Lawyers in New Delhi
  10. Loss on sale of residential flat after indexing al

More recent discussions | Post

Related Topics :

Loading