GST Input on Medical Insurance Expense (Employess.)
Query (Issue) Started By: – Shubham Dua Dated:- 24-5-2018 Last Reply Date:- 25-5-2018 Goods and Services Tax – GST
Got 4 Replies
GST
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
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fied by the government, then only the company is eligible to take the credit of same, otherwise not.
Regards
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.
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Best Regards,
Shubham Dua
Cell: +91-8826406987
+91-9958033578
Reply By YAGAY and SUN:
The Reply:
.There is spe
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