Are workers compensation payments for income loss for self employed eg. taxi driver subject to GST ?
I need some clarity here, is the insurance company paying out for an injury or are you paying your premium?
Recently I received an insurance payout for damaged plant, the payment was exclusive of gst. Their expaination was your accountant will know what to do.
I am opinionated. Take me at face value, read between the lines.
Its a paying out for injury.
No, there is no GST.