Seller_uI3OSo1rkajZO
Do we need to pay GST on reimbursement amount receive for damage to product in transit
I get monthly reimbursement report for damage to product in handelling.
Do we need to pay gst on that?
Tags:Taxes
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Seller_uI3OSo1rkajZO
Do we need to pay GST on reimbursement amount receive for damage to product in transit
I get monthly reimbursement report for damage to product in handelling.
Do we need to pay gst on that?
1 reply
Seller_lFg7VUzl8pJZA
Reimbursement from Amazon for lost/damaged articles is type of Insurance claim. And the company is reimbursing a notional equivalent to cost of the product and not the selling value. Sales itself, has got cancelled. GST is not payable on Insurance claims.
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