https://www.taxtmi.com/forum/issue?id=114372 Insurance proceeds for goods lost by fire are not treated as a taxable supply and no GST is charged on the claim; however, the registered person must reverse input tax credit already availed on the destroyed goods, while ITC on the insurance premium paid may be claimed subject to standard eligibility conditions. en-us Mon, 03 Dec 2018 13:07:25 +0530 Thu, 23 Jan 2025 15:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114372 Insurance proceeds for goods lost by fire are not treated as a taxable supply and no GST is charged on the claim; however, the registered person must reverse input tax credit already availed on the destroyed goods, while ITC on the insurance premium paid may be claimed subject to standard eligibility conditions. Discussion-Forum GST Mon, 03 Dec 2018 13:07:25 +0530 https://www.taxtmi.com/forum/issue?id=114372