https://www.taxtmi.com/circulars?id=67705 ITC is available to insurance companies for motor vehicle repair services in reimbursement claim settlements where garages issue invoices in the insurer's name and the insurer bears the approved repair liability; insurer is treated as the recipient for the approved amount and may claim credit. If excess amounts are separately invoiced to the insured, insurer may claim ITC on its invoice subject to reimbursement to the insured; where a single full invoice is issued to insurer, ITC is limited to the approved reimbursed amount. Invoices not in insurer's name do not permit ITC. en-us Mon, 08 Jul 2024 00:00:00 +0530 Wed, 31 Jul 2024 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67705 ITC is available to insurance companies for motor vehicle repair services in reimbursement claim settlements where garages issue invoices in the insurer's name and the insurer bears the approved repair liability; insurer is treated as the recipient for the approved amount and may claim credit. If excess amounts are separately invoiced to the insured, insurer may claim ITC on its invoice subject to reimbursement to the insured; where a single full invoice is issued to insurer, ITC is limited to the approved reimbursed amount. Invoices not in insurer's name do not permit ITC. Circulars GST - States Mon, 08 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67705