Pradeep kumar T V (Ops Executive) (87 Points)
19 March 2018Dear All,
We have paid Rs. 66,327/-+IGST 11,938/- for group personal insurance.
Please confirm whether we can take input tax credit under GST Act.
Please do the needful.
With Advance thanks
Pradeep Kumar T V
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 19 March 2018
HEALTH & LIFE ITC IS BLOCKED SO CANT TAKE CREDIT OF SAME
RAJA P M
("Do the Right Thing...!!!")
(127299 Points)
Replied 19 March 2018
CA Suresh Jain
(Proprietor)
(8981 Points)
Replied 14 April 2019
The Group personal accident policy is not a health insurance and therefore does not fall within the ambit of blocked credit u/s 17(5) (b) (iii). The GST paid on GPA policy is very much eligible for ITC under GST laws.
CAclubindia
