https://www.taxtmi.com/forum/issue?id=116554 Input tax credit reversal is not required when damaged raw materials returned to plant are sold as scrap; the disposal limitation does not apply where goods remain available and are sold. GST is payable on the scrap sale at the applicable rate. Insurance compensation received for damage is not consideration for a supply by the claimant and is not subject to GST; the insurance company's indemnity service is the relevant taxable act for the insurer. en-us Tue, 21 Jul 2020 09:06:04 +0530 Thu, 23 Jan 2025 15:54:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116554 Input tax credit reversal is not required when damaged raw materials returned to plant are sold as scrap; the disposal limitation does not apply where goods remain available and are sold. GST is payable on the scrap sale at the applicable rate. Insurance compensation received for damage is not consideration for a supply by the claimant and is not subject to GST; the insurance company's indemnity service is the relevant taxable act for the insurer. Discussion-Forum GST Tue, 21 Jul 2020 09:06:04 +0530 https://www.taxtmi.com/forum/issue?id=116554