Hi all I have paid gst under rcm on medicl insurance recovery from employees. can we claim input tax credit on the same?
Thanks in advance.
Replies (2)
Quick Summary
This discussion addresses whether input tax credit (ITC) can be claimed on GST paid under Reverse Charge Mechanism (RCM) for medical insurance recovery from employees. The consensus is that medical and health insurance is considered a blocked credit under Section 17(5) of the CGST Act 2017, meaning ITC cannot be claimed. The thread also questions why GST is being paid on the recovery of medical insurance premiums from employees in the first place.