Input tax credit

Surinder (Assistant) (341 Points)

24 May 2020

Sir

Can we claim ITC on insurance
insurance on goods stock bill show in 2A

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4 Replies

DIP mulani (64 Points)
Replied 24 May 2020

Yes you can avail input credit of GST paid on stock insurance as it is an expense incurred in furtherance of business.

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Ankit Jhunjhunwala (2 Points)
Replied 24 May 2020

Can I claim ITC I am a railway supplier. the HSN code is 86

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 25 May 2020

Yes can be avail.

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Shivam RC (Student) (23683 Points)
Replied 25 May 2020

Yes you can avail ITC on Insurance Bill reflected in your GSTR-2A.

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