Menu
Input tax credit under igst under insurance company for mobile repair
can insurance company claim input tax credit if service centre are in pan India insurance company eligible for igst or cgst and sgst
Replies (1)
An insurance company can generally claim ITC of IGST or CGST/SGST charged by mobile repair centres, provided the repair service is used for business purposes and all conditions of Section 16 are fulfilled. The exact ITC eligibility may depend on whether the insurer directly receives the invoice/service or merely reimburses the policyholder.
Recent Topics :
- Partnership tax audit query
- ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
- Form 146 foreign remittance us citizen
- GST 16(2) notice
- Which GSTR-1 upload error do you hit most often?
- Need advice regarding accounting fees
- Is it possible to get a refund for an accidental o
- ITR-3 Section P&L - speculative income - no bo
- Foreign Assets reporting
- Build corpus in HUF
Related Topics :
CAclubindia
