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),
\n A Group Insurance taken by the Company of all their workers AND ALSO RECOVERED THE COST OF SUCH EXPENSE FROM THEIR WORKERS.
\nThe bill is in the name of the company, so whether the GST Input allowed to the company as it is written in the LAW:
\nNo Input shall be allowed for rent-a-cab, health insurance and life insurance except the following:
\n * Government makes it obligatory for employers to provide it to its employees (Workmen Compensation Act.)
\nReply By Nitika Aggarwal:
\nThe Reply:
\nDear Sir,
\nInput tax credit of GST charged <\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n fied by the government, then only the company is eligible to take the credit of same, otherwise not. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 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 – GSTGot 4 RepliesGSTDear 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 … Continue reading “GST Input on Medical Insurance Expense (Employess.)”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11918","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/11918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11918"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/11918\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nRegards
\nNitika Aggarwal
\n9953157961
\nReply By Shubham Dua:
\nThe Reply:
\nDear Mam,
\n Thanks for your valuable reply and concern.
\nBut 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.
\nThe point is we are deducting the amount of such claim from their wages and salaries of our workers.
\nNow is the input of GST allowed to us we are debited the expense on one side and made the recovery on the other side.
\n–
\nBest Regards,
\nShubham Dua
\nCell: +91-8826406987
\n +91-9958033578
\nReply By YAGAY and SUN:
\nThe Reply:
\n.There is spe<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n