https://www.taxtmi.com/circulars?id=68679 GST liability on salvage arises only when salvage vests in the insurance company. If claim settlement deducts salvage as a pre agreed deductible and ownership remains with the insured, the insurer has no GST liability on that deducted salvage. If the insurer settles full IDV without deducting salvage so that salvage becomes insurer property, the insurer must discharge GST on disposal/sale of the salvage. en-us Tue, 20 Aug 2024 00:00:00 +0530 Sat, 28 Jun 2025 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68679 GST liability on salvage arises only when salvage vests in the insurance company. If claim settlement deducts salvage as a pre agreed deductible and ownership remains with the insured, the insurer has no GST liability on that deducted salvage. If the insurer settles full IDV without deducting salvage so that salvage becomes insurer property, the insurer must discharge GST on disposal/sale of the salvage. Circulars GST - States Tue, 20 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68679