ITC on GROUP LIC

if it is obligatory on employer to provide such service to employee, credit is allowed. Otherwise no

No credit is allowed on LIC except where the government notifies the services which are obligatory for an employer to provide under any other law for the time being in force. Refer Section 17(5)(b)(iii) of CGST Act. 

Dear Sir,

As per Sec. 17 of CGST Act : the input admissable only when its obligatory under law:

(iii) rent-a-cab, life insurance and health insurance except where ––

(A) the Government notifies the services which are obligatory for an

employer to provide to its employees under any law for the time being in

force; or

However LIC  for purely employee personal Health/ Medical/Life is not admissable. 

regards,

Bhavya.P