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As per Blocked Credit list,
No ITC available of Medical Insurance and Life insurance as these are in nature of employee benefits
However, ITC can be availed for stock insurance as this is not related to employees
As regards vehicle insurance, if ITC available of Motor Vehicle, then ITC of Vehicle insurance also available
Example-Insurance of truck used for business
If ITC not available of car, then car insurance cant be claimed
Example-Insurance of car used for transporting employees
