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Input tax credit on insurance

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709 Points Joined January 2017
hi, can we take an input tax credit on insurance premium paid for taking policy cover the transportation risk of goods?
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On 12 August 2020 at 12:10 Report
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Tax and Business Consultant
11616 Points Joined July 2015
Yes, you can take full credit of insurance premium paid, if transported Goods is taxable Goods.
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On 12 August 2020 at 12:17
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1102 Points Joined December 2019
Yes, you can take ITC
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On 12 August 2020 at 16:49
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44 Points Joined November 2017
Gst on life insurance is not available but gst on insurance relating to good s you can take
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On 15 August 2020 at 14:44

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