Insurance make against any item and later get insurance claim received
This query is : Open
24 March 2026
Insurance Make For any items and later on received compensation against insurance made, How to calculate GST Input claimed against Insurance made because of Compensation Received. suppose
Insurance Made of Rs. 1,00,000 and GST on Insurance Rs. 18,000 Now total amount Rs. 1,18,000 Later on Received Rs. 70,000 Received from Insurance company My question is that what is income and How much GST Input to be reversed. Please reply.
Insurance Made of Rs. 1,00,000 and GST on Insurance Rs. 18,000 Now total amount Rs. 1,18,000 Later on Received Rs. 70,000 Received from Insurance company My question is that what is income and How much GST Input to be reversed. Please reply.
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