Goods and Services Tax – Started By: – Shubham Dua – Dated:- 24-5-2018 Last Replied Date:- 25-5-2018 – Dear Expert(s), A Group Insurance taken by the Company of all their workers AND ALSO RECOVERED THE COST OF SUCH EXPENSE FROM THEIR WORKERS. The bill is in the name of the company, so whether the GST Input allowed to the company as it is written in the LAW:No Input shall be allowed for rent-a-cab, health insurance and life insurance except the following: Government makes it obligatory for employers to provide it to its employees (Workmen Compensation Act.) – Reply By Nitika Aggarwal – The Reply = Dear Sir, Input tax credit of GST charged on health insurance has been specifically barred in the law via section 17(5)(b)(iii) of CGST Act, 2017
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ds Nitika Aggarwal 9953157961 – Reply By Shubham Dua – The Reply = Dear Mam, Thanks for your valuable reply and concern.But as per the fact of the case, we are under obligation to comply with the Workmen's Compensation Act, 1923 and accordingly taking the group insurance of all the workers.The point is we are deducting the amount of such claim from their wages and salaries of our workers. Now is the input of GST allowed to us we are debited the expense on one side and made the recovery on the other side.- Best Regards,Shubham DuaCell: +91-8826406987 +91-9958033578 – Reply By YAGAY and SUN – The Reply = .There is specific denial in the GST Law about availment of ITC on such services. However, you may get it clarified from the Department
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