Is GST chargeable on insurance claims received?
GST is applicable for General Insurance claims. If the service provider is Registered then he will charge GST on your claim.
The GST mechanism is applicable to insurance (general insurance) claims as well, and the application in the case of occasional repairs or repairs that are covered in the GST policy is applied if the service provider is a registered sales tax, however, the treatment/bill issuance Will depend on the status of the GST registration claimants.
Latest posts by Certicom Consulting (see all)
- Sukanya Samriddhi Account-Govt’s Special Scheme for Girl child - July 19, 2018
- RBI hikes Interest rates on your Personal Finances - July 19, 2018
- Understanding Form 16 and other TAX related forms - July 18, 2018