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ITC for insurance premium paid by company for insurance policy of employees

ITC / Input 464 views 4 replies
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consultant
152 Points Posted on 10 September 2019
Hello,

I want to know whether company can take ITC of premium paid for insurance policy of employees??

TIA
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On 10 September 2019 at 13:18 Report
Replies (4)
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"Do the Right Thing...!!!"
128147 Points Posted on 10 September 2019
Yes... Company can claim such ITC.
463 Reply
On 10 September 2019 at 14:22
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GST Practitioner
55067 Points Posted on 11 September 2019
No..... it's block Under 17 (5) , .... yes as per proviso you can claim ITC only when it is obligatory for an employer to provide the same to employee under any law for the time being
301 Reply
On 11 September 2019 at 00:20
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178 Points Posted on 15 September 2019
No the company cannot claim ITC.. It is blocked credit. It is ineligible.
1 Reply
On 15 September 2019 at 19:07
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"Do the Right Thing...!!!"
128147 Points Posted on 15 September 2019
Where is it blocked...?! Can You give the provisions or act...?!
463 Reply
On 15 September 2019 at 19:18


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