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ITC on employee insurance
Can a employer take ITC on Employee Compensation Insurance policy ?
Replies (2)
Quick Summary
Can be claimed as itc only when the Government notifies it as services which are obligatory for an employer to provide to its employees under law.
Generally, NO = Blocked credits Sec 17(5)
BUT
if such insurance is obligatory for the employer under any act for the time being in force then ITC CAN BE AVAILED .
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