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ITC on GST paid on Life Insurance Premium?, Goods and Services Tax - GST

Issue Id: - 113396
Dated: 10-2-2018
By:- gvenugopal g

ITC on GST paid on Life Insurance Premium?


  • Contents

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


1 Dated: 10-2-2018
By:- Alkesh Jani

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.


2 Dated: 21-2-2018
By:- Ganeshan Kalyani

credit is not allowed .


Page: 1

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