Goods and Services Tax

ITC on GST paid on Life Insurance Premium?

Goods and Services Tax – Started By: – gvenugopal g – Dated:- 10-2-2018 Last Replied Date:- 21-2-2018 – Sirs,GST @1.80% on premium paid for life insurance policy of proprietor (Proprietary Concern) , can ITC be availed? – Reply By Alkesh Jani – The Reply = Sir, 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 that you do not fall under exception under (A) and/or(B) of the above mentioned Section

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