Whether GST to be paid by recepient of Insurance Claim

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..... Whether GST to be paid by recepient of Insurance Claim
Query (Issue) Started By: - anuja bhandari Dated:- 25-9-2018 Last Reply Date:- 30-10-2018 Goods and Services Tax - GST
Got 2 Replies
GS .....

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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 .....

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..... 10 lac. Whether GST to be paid on 7 lacs received by truck owner? Reply By SHIVKUMAR SHARMA: The Reply: No need to Pay GST on Insurance Claim Received By Truck owner for Purchase of Truck before 01 .....

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..... .07.2017. Reply By Ganeshan Kalyani: The Reply: Sri Shivkumar Ji, kindly provide the supportive to your reply. This is to enrich the knowledge of the querist.
Discussion Forum - Knowledge Sharin .....

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