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Whether GST to be paid by recepient of Insurance Claim, Goods and Services Tax - GST

Issue Id: - 114178
Dated: 25-9-2018
By:- anuja bhandari
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?

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Showing Replies 1 to 2 of 2 Records

1 Dated: 26-9-2018
By:- SHIVKUMAR SHARMA

No need to Pay GST on Insurance Claim Received By Truck owner for Purchase of Truck before 01.07.2017.


2 Dated: 30-10-2018
By:- Ganeshan Kalyani

Sri Shivkumar Ji, kindly provide the supportive to your reply. This is to enrich the knowledge of the querist.


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