Insurance premium for company cab

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55 Points Posted on 01 April 2020
Dear member, We paid insurance premium including GST for company cab(below 14 member) capacity, is it eligible for Input tax.
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On 01 April 2020 at 03:20 Report
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Quick Summary
This discussion clarifies the eligibility of input tax credit for GST paid on insurance premiums for company cabs. Generally, if the cab's seating capacity is 13 or more (including the driver), the input tax credit is available. However, for vehicles with a seating capacity below 13, input tax credit is typically not allowed as per Section 17(5) of the CGST Act.

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"Do the Right Thing...!!!"
128157 Points Posted on 01 April 2020
What is the business of Your company...?!
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On 01 April 2020 at 06:50
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55 Points Posted on 01 April 2020
Pharama company
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On 01 April 2020 at 09:02
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Practice
3235 Points Posted on 01 April 2020
Yes it is available as under section 17(5) if the motor car having capacity of passenger more than 13 including driver it is out of preview of block credit.
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On 01 April 2020 at 09:55
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"Do the Right Thing...!!!"
128157 Points Posted on 01 April 2020
Yes... You can avail ITC credit.
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On 01 April 2020 at 10:00
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55 Points Posted on 01 April 2020
Sir, cab capacity is below 13 passenger & we can assume all cab related expenses also ineligible.
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On 01 April 2020 at 11:40
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"Do the Right Thing...!!!"
128157 Points Posted on 01 April 2020
Why confused with different details...?!

If below 13 means 1 seat or 12 seat...?

If any doubt please refer sec 17(5) of CGST act...
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On 01 April 2020 at 11:47
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Practice
3235 Points Posted on 01 April 2020
Yes in case below 13 passenger capacity nothing is allowed..
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On 01 April 2020 at 11:47
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GST Practitioner
55067 Points Posted on 01 April 2020
No ITC Is available if seating capacity is less then 13 person including driver
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On 01 April 2020 at 14:29

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