Itc claimable on insuracne of stoct or shop

Yes, You can claim input tax credit (GST) of premium paid for stock/ shop insurance policy.

Yes, you can claim ITC

Yes the ITC can be claimed, subject to conditions prescribed in Section 16 of CGST Act

Legal reference please

Every registered person, shall be entitled to avail input tax credit if the goods and services received is used or intended to be used for business purposes subject to fulfilment of condition of section 16 and Except it's blocked as per Section 17(5)
General insurance is not blocked as per section 17(5) So, you can take credit on same.

Yes, You claim ITC as per section 16 of CGST Act.

Yes Sir you can claim ITC on Stock Insurance as well as Shop Insurance since it is an expense which is for the furtherance of business.

LEGAL / Act REFERENCE : As per the Provision of Section 16(1) of the CGST Act 2017, INPUT TAX CREDIT ( ITC ) on Input, Input Services and Capital Goods which are used "IN THE COURSE OF OR FURTHERANCE OF BUSINESS" can be claimed subject to section 17(5) of the CGST Act 2017 [ i.e. BLOCKED CREDIT ].

Regards,
Shivam RC.

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Read more at: https://www.caclubindia.com/forum/fake-likes-fraud-by-quot-shivam-rc-quot--558215.asp