Input credit

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Kkk
1204 Points Joined February 2017
if proprietor taken lic policy on his own name then he can take input credit of it in the proprietorship firm.
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On 12 March 2021 at 19:26 Report
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3924 Points Joined December 2017
Helth Insurance is under block credit as per section 17(5) of the CGST act 2017 , you can not take input tax credit in any case .
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On 12 March 2021 at 20:05
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Kkk
1204 Points Joined February 2017
Its not health but life insurance
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On 12 March 2021 at 20:19
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GST Practitioner & Accounts
15045 Points Joined March 2014

Both  Life Insurance and  Health Insurance  are under  Block Credit  a per section 17(5) (b) (i)  of the CGST act 2017 . No ITC . 

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On 12 March 2021 at 20:36
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Kkk
1204 Points Joined February 2017
N on stock insurance
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On 12 March 2021 at 22:07
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CMA
13117 Points Joined May 2009

You may avail ITC on stock insurance.

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On 13 March 2021 at 18:29
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Kkk
1204 Points Joined February 2017
Ok thank u
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On 13 March 2021 at 18:38


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