Circular No. 217/11/2024-GST: ITC on Motor Vehicle Repairs for Insurance Companies

CIRCULAR NO. 217/11/2024-GST [F. NO. CBIC-20001/4/2024-GST],SECTION 16, READ WITH SECTION 17 OF THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 – INPUT TAX CREDIT – ELIGIBILITY AND CONDITIONS FOR TAKING – ENTITLEMENT OF ITC BY THE INSURANCE COMPANIES ON THE EXPENSES INCURRED FOR REPAIR OF MOTOR VEHICLES IN CASE OF REIMBURSEMENT MODE OF INSURANCE CLAIM SETTLEMENTCIRCULAR NO. 217/11/2024-GST [F. NO. CBIC-20001/4/2024-GST], DATED 26-6-2024The insurance companies, which are engaged in providing general insurance services in respect of insurance of motor vehicles, insure...

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