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
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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
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