Is GST chargeable on insurance?

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.

GST

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.

 

Certicom - A Group of Chartered Accountants - Articles
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Certicom Consulting [ Kedia Arpana & Co ] is a group of Chartered Accountants in the business of Small Business Setup & Statutory Compliance including for Professionals for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction.

Certicom Consulting

Certicom Consulting [ Kedia Arpana & Co ] is a group of Chartered Accountants in the business of Small Business Setup & Statutory Compliance including for Professionals for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction.