Dear All,
If partnership paid the premium of Insurance of partner,
whether they can claim the Gst credit in it?
OR If individual Pay the GST on insurance can he claim so through Proprietor business?
Menu
Itc of Term Insurance
Replies (4)
No ITC might not be claimed
Helth Insurance and Life Insurance are under block credit under section 17(5) of the CGST act 2017 .
ITC cannot be claimed
ITC could be availed only if it is related to business such as stock or building insurance. Health, Life insurance cannot be availed.
Recent Threads
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
Related Threads
CAclubindia
