GST Credit on Group Accidental Insurance

[CABIJENDERKUMAR BANSAL]

Dear members,

Greetings!

Please advise on following :--

" This is in respect of knowing status of GST credit on Premium paid for Group Accidental Policy considering proviso which was added to clause (b) to Sec 17(5):--

"Provided that the input tax credit in respect of such goods or services

or both shall be available, where it is obligatory for an employer to provide

the same to its employees under any law for the time being in force.”.

So whether the Group Accidental Policy is obligatory by any Law for the time being in force, please give your opinions.

Thanks in anticipation of doing needful.

Regards!

M. 9999124788

[Rajagopalan Ranganathan]

Sir,

The reply given to id No. 116636 is squarely applicable to this query also.

AI Summary

Input tax credit availability depends on whether employers are legally required to provide group accidental insurance; query remains unresolved.
The availability of input tax credit on GST-paid premium for group accidental insurance turns on the proviso permitting credit where provision of the benefit is obligatory for an employer to provide to employees under any law; the document poses whether such obligation exists but contains only a referral reply and no determination.