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.
[frontpage_news widget=”2154″ name=”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.
[frontpage_news widget=”879″ name=”Certicom – A Group of Chartered Accountants – Articles”]