GST applicability on liquidated damages, compensation, and penalty arising out of breach of contract or other provisions of law – reg.
According to the above circular, there will be no GST on the shortfall of the Notice period recovery amount.

Suresh

From India, Thane
Attached Files (Download Requires Membership)
File Type: pdf GST applicability on liquidated damages, compensation and penalty arising out of breach of contr.pdf (175.8 KB, 12 views)

That is a relief So does this overrule the court decision? Or is it only an instruction to the GST Officers not to take up the matter?
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.