IGST CLAIM ON INSURANCE

Sir, Kya hum Pvt Ltd Company Mein Company Ke Naam Se Liye Gaye Truck, Car Etc. Ke Insurance Ka GST Claim Kar Sakte Hein
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.

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
Thank s Sir
Please like my reply if you are satisfied

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