Sir,
we have taken Group insurance policy for our Employees. Can we claim ITC on the same.
please suggest us in this regard
regards,
Sreeramulu Kanchanam
Menu
ITC ON Group Insurance premiums of Employees
Replies (7)
Quick Summary
This is specifically disallowed u/s 17(5) of CGST Act. So no ITC can be availed as such. However, if obligatory for the employer to provide such insurance, then ITC may be availed.
Thank you Madam
ITC cannot be claimed on group insurance policy for employees it is blocked
Thank you sir
Your welcome
Generally, it is blocked but if the state laws or any other regulatory body requires the same, then the employer can taki ITC
Since group insurance is mandatory as per worker law ITC on the same can be claimed
Recent Topics :
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
Related Topics :
CAclubindia
