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Whether GST to be paid by recepient of Insurance Claim, Goods and Services Tax - GST |
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Whether GST to be paid by recepient of Insurance Claim |
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The taxpayer is registered under GST, in the business of transportation. His truck was damaged in an accident. Truck was purchased pre GST. Insurance Company paid 7 lacs, truck purchase value was 10 lac. Whether GST to be paid on 7 lacs received by truck owner? Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
No need to Pay GST on Insurance Claim Received By Truck owner for Purchase of Truck before 01.07.2017.
Sri Shivkumar Ji, kindly provide the supportive to your reply. This is to enrich the knowledge of the querist. Page: 1 Old Query - New Comments are closed. |
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