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of <h1>Rajasthan Govt Clarifies ITC Eligibility for Insurers on Motor Vehicle Repair Costs under Reimbursement Claims.</h1> The circular from the Government of Rajasthan clarifies the entitlement of Input Tax Credit (ITC) for insurance companies on expenses incurred for motor vehicle repairs under the reimbursement mode of insurance claim settlement. It states that insurance companies are eligible for ITC on repair services, even when the insured initially pays the garage and the insurer reimburses the approved claim cost. The insurer is considered the 'recipient' of the service, as defined by the Rajasthan Goods and Services Tax Act. ITC is available up to the reimbursed amount, provided the invoice is in the insurer's name. If the invoice is not in the insurer's name, ITC is not available.
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