Taxability of salvage or wreck value in motor vehicle damage claims clarified for uniform GST implementation. Clarification is issued on the taxability of salvage or wreck value earmarked in the claim assessment for damage caused to a motor vehicle. The circular directs officers under the Tripura State Goods and Services Tax Act, 2017 to follow the corresponding Central GST guidelines so as to ensure uniform implementation of the GST law across field formations and consistent treatment of salvage or wreck value in motor vehicle damage claims.
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Taxability of salvage or wreck value in motor vehicle damage claims clarified for uniform GST implementation.
Clarification is issued on the taxability of salvage or wreck value earmarked in the claim assessment for damage caused to a motor vehicle. The circular directs officers under the Tripura State Goods and Services Tax Act, 2017 to follow the corresponding Central GST guidelines so as to ensure uniform implementation of the GST law across field formations and consistent treatment of salvage or wreck value in motor vehicle damage claims.
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