Menu
Input tax credit on insurance
hi, can we take an input tax credit on insurance premium paid for taking policy cover the transportation risk of goods?
Replies (3)
Quick Summary
Yes, you can take full credit of insurance premium paid, if transported Goods is taxable Goods.
Yes, you can take ITC
Gst on life insurance is not available but gst on insurance relating to good s you can take
Recent Topics :
- [NO COURSE/NO FEES] A Senior Finance Manager’
- [NO COURSE/NO FEES] A Senior Finance Manager’
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
Related Topics :
CAclubindia
