Section

CBIC clarifies on taxability of salvage value in motor insurance claims

By Business Standard - 5 months ago
General insurers have to pay GST liability in case of disposal or sale of the salvage after settling the claims

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.