Shop insurance ITC eligibility?

Is ITC allowed on shop insurance?
Replies (2)
Quick Summary
This discussion clarifies the eligibility of Input Tax Credit (ITC) for shop insurance under the CGST Act. While life and health insurance ITC is generally blocked under Section 17(5), shop insurance ITC may be claimable. However, eligibility is subject to the provisions of Section 16 read with Rule 36(4) of the CGST Act.

You can take only life and health insurance is blocked via section 17(5) of cgst act
Yes ITC can be claimed. but subject to provision of Section 16 ,R/w rule 36(4) of CGST Act

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