ITC on insurance premium

1464 views
User Avatar

19 Points Posted on 23 February 2018
can I claim ITC on insurance premium paid for LIC, stock insurance, life insurance etc
0 Reply Share Follow
On 23 February 2018 at 15:58 Report
Replies (7)
User Avatar

PROFESSIONAL
1777 Points Posted on 23 February 2018

Yes, subject to the condtions incorporated in section 16 and 17 of CGST Act.

Reply
On 23 February 2018 at 16:40
User Avatar

19 Points Posted on 23 February 2018
thanks for reply
Reply
On 23 February 2018 at 16:56
User Avatar

banglore
1496 Points Posted on 23 February 2018
ITC on life insurance medical insurance is restricted u/s 17(5) of CGST Act
Reply
On 23 February 2018 at 21:00
User Avatar

19 Points Posted on 23 February 2018
it means we can't claim ITC on insurance. can you give me on which insurance we can claim ITC
Reply
On 23 February 2018 at 21:22
User Avatar

19 Points Posted on 23 February 2018
one or two examples
Reply
On 23 February 2018 at 21:23
User Avatar

banglore
1496 Points Posted on 23 February 2018
General insurance like stock insurance, transit insurance, fixed asset insurance is allowed if it is used in the course of business
Reply
On 23 February 2018 at 21:32
User Avatar

19 Points Posted on 23 February 2018
that's good reply
Reply
On 23 February 2018 at 21:54

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Foreign remittance
  2. Affordable Residential Flats in Gurgaon
  3. Manufacturing
  4. TAN REGISTRATION ON E-FILLING SITE
  5. Form 10-IEA – Continuing Old Regime
  6. Income tax act 2026
  7. Belated Return where Form 10IEA filed this year to
  8. GST Reconciliation Tool (2A vs Books) - looking fo
  9. TDS ON PF FORM 19 WITHDRAWAL
  10. Can a virtual office in Mumbai be used for company

More recent discussions | Post

Related Topics :

Loading