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ITC on GST paid on Life Insurance Premium?, Goods and Services Tax - GST |
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ITC on GST paid on Life Insurance Premium? |
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Sirs, GST @1.80% on premium paid for life insurance policy of proprietor (Proprietary Concern) , can ITC be availed? Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Sir, you cannot claim ITC in this regards, it is specifically mentioned at Section 17(5)(b)(iii) rent-a-cab, life insurance and health insurance, assuming that you do not fall under exception under (A) and/or(B) of the above mentioned Section.
credit is not allowed . Page: 1 Old Query - New Comments are closed. |
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