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March 24, 2022
Question

Insurance Settlement ITC component

  • March 24, 2022
  • 0 replies
  • 1 view

I have received an insurance settlement on a insured business asset. I am GST registered. I have created a sales invoice to record the payout sum but how/where do I record the ITC component that is withheld from insurer and is claimed at BAS time?