hello everyone
Is GST chargeable on insurance Claim received in case of general Insurance, when the claim invoice is Bill of supply instead of Tax Invoice
Menu
GST on insurance Claim received
Replies (4)
No....need to charge GST on insurance claim.
But one of my Client who had taken general insurance of his motor vehicle presented Bill of Supply instead of Tax invoice then the insurer is saying that he will deduct GSt @ 18% because the Claim invoice was not a TAX invoice and was not in the name of Insurance Company
In case of Vehicle suffered an damage is send to Workshop for repair & the bill raised by work shop is with GST charge therein & the same is submitted to Insurance co. by an insurer. hence the submitted bill by insurer , the GST is already applied therein , no need raise any bill by insurer .
Accident took place in remote area and the work shop was small (not a registered dealer in GST) and it has not charged GST in the invoice
Recent Topic
- Forward tax charge gst related
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
Related Topics
CAclubindia
