Whether GST to be paid by recepient of Insurance Claim

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....hether GST to be paid by recepient of Insurance Claim<br> Query (Issue) Started By: - anuja bhandari Dated:- 25-9-2018 Last Reply Date:- 30-10-2018 Goods and Services Tax - GST<br>Got 2 Replies<br>GST....

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....<br>The taxpayer is registered under GST, in the business of transportation. His truck was damaged in an accident. Truck was purchased pre GST. Insurance Company paid 7 lacs, truck purchase value was ....

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....10 lac. Whether GST to be paid on 7 lacs received by truck owner? Reply By SHIVKUMAR SHARMA: The Reply: No need to Pay GST on Insurance Claim Received By Truck owner for Purchase of Truck before 01.....

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....07.2017. Reply By Ganeshan Kalyani: The Reply: Sri Shivkumar Ji, kindly provide the supportive to your reply. This is to enrich the knowledge of the querist.<br> Discussion Forum - Knowledge Sharing....

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