Question ID :
38134
INPUT IN GST
Whether ITC can be claimed on general insurance or not?
Whether General insurance is belong to section 17 (5) of CGST Act,2017 regarding block credit?
Posted by
CA Neha Gupta
on
May 10, 2019
Filed Under
GST
Yes the ITC is allowed on General Insurance . As per Section 17(5) , only Life and health insurance input of GST is not allowed
Posted by
CA. BISHT RAKESH on
May 11, 2019
Answer ID :
76644
you can tale IPT on insurance premium paiid to insure stock, assets etc. other than on personal insurance.
Posted by
CA. VENKITARAMAN K V on
May 25, 2019