Sirs,
GST @1.80% on premium paid for life insurance policy of proprietor (Proprietary Concern) , can ITC be availed?
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Sirs,
GST @1.80% on premium paid for life insurance policy of proprietor (Proprietary Concern) , can ITC be availed?
Old Query - New Comments are closed.
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 .
Old Query - New Comments are closed.