ITC on GST paid on Life Insurance Premium?
Query (Issue) Started By: – gvenugopal g Dated:- 10-2-2018 Last Reply Date:- 21-2-2018 Goods and Services Tax – GST
Got 2 Replies
GST
Sirs,
\nGST @1.80% on premium paid for life insurance policy of proprietor (Proprietary Concern) , can ITC be availed?
\nReply By Alkesh Jani:
\nThe Reply:
\nSir, 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 t<\/p>\n
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