Clarification on taxability of salvage / wreck value earmarked in the claim assessment of the damage caused to the motor vehicle

Clarification on taxability of salvage / wreck value earmarked in the claim assessment of the damage caused to the motor vehicle https://www.taxtmi.com/circulars?id=70330 Taxability of salvage or wreck value earmarked in insurance claim assessments for motor-vehicle damage is clarified for uniform implementation of goods and services tax law. State tax officers are instructed to follow the attached central guidelines on the treatment of such salvage or wreck value in claim assessments relating to damaged motor vehicles. en-us Tue, 02 Jul 2024 00:00:00 +0530 Wed, 29 Jul 2026 18:12:00 +0530 TaxTMI RSS Generator Clarification on taxability of salvage / wreck value earmarked in the claim assessment of the damage caused to the motor vehicle https://www.taxtmi.com/circulars?id=70330 Taxability of salvage or wreck value earmarked in insurance claim assessments for motor-vehicle damage is clarified for uniform implementation of goods and services tax law. State tax officers are instructed to follow the attached central guidelines on the treatment of such salvage or wreck value in claim assessments relating to damaged motor vehicles. Circulars GST - States Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70330