ITC ON DRIVER HEALTH INSURANCE

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73 Points Posted on 20 August 2020
dear All

I'm GTA, shall i get itc on health insurance expenses?
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On 20 August 2020 at 17:39 Report
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Quick Summary
This discussion clarifies whether Input Tax Credit (ITC) can be claimed on health insurance expenses for drivers. Generally, ITC on health insurance is blocked under Section 17(5) of the GST Act. However, an exception exists if the health insurance is compulsory for your business due to a specific law or Act.

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Tax and Business Consultant
11616 Points Posted on 20 August 2020
No, you can not take ITC on health insurance as it's blocked u/s 17(5) except if it's compulsory to take health insurance of driver as per any law/Act rule.
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On 20 August 2020 at 17:45
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73 Points Posted on 20 August 2020
It is compulsory?
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On 20 August 2020 at 17:48
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124 Points Posted on 21 August 2020
If it is compulsory for ur bussiness then u can avail the credit.
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On 21 August 2020 at 00:01
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Chartered Accountant
86505 Points Posted on 24 January 2021
Not at all, you can't claim ITC of health insurance.
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On 24 January 2021 at 00:20

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