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ITC ON Group Insurance premiums of Employees

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43 Points Joined August 2018
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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On 17 April 2021 at 18:06 Report
Replies (7)
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CMA
13117 Points Joined May 2009
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.
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On 17 April 2021 at 18:40
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43 Points Joined August 2018
Thank you Madam
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On 17 April 2021 at 19:03
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Chartered Accountant
24588 Points Joined November 2019
ITC cannot be claimed on group insurance policy for employees it is blocked
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On 18 April 2021 at 05:57
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43 Points Joined August 2018
Thank you sir
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On 18 April 2021 at 11:17
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Chartered Accountant
24588 Points Joined November 2019
Your welcome
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On 18 April 2021 at 14:57
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309 Points Joined June 2017
Generally, it is blocked but if the state laws or any other regulatory body requires the same, then the employer can taki ITC
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On 21 April 2021 at 11:23
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11 Points Joined June 2017
Since group insurance is mandatory as per worker law ITC on the same can be claimed
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On 06 February 2022 at 18:21

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