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The Andhra Pradesh, AAR in the matter of South India Krishna Oil & Fats (P.) Ltd. held that the compensation amounts, such as liquidated damages or trade settlement, collected by the Applicant from customers for non-performance or breach of contracts constitute a supply of service and are liable to GST.
The AAR, Karnataka, in the case of M/s.Enzyme Business Centre [Advance Ruling No. DGR 33 of 2023 dated November 16,…
Whether Liquidated damages paid to compensate for injury or loss of damage suffered due to breach of contract is taxable?
The CESTAT, Chennai in the case of M/s. Bharat Heavy Electricals Limited v. The Commissioner of G.S.T and Central Excise…
Liquidated damages received by a service receiver from a service provider for not meeting terms of contract would attract 18…
CBIC-110267/14/2023-CX-VIII SECTION-CBEC F.NO. CBIC-110267/14/2023-CX-VIII SECTION-CBEC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Tax &…
The AAR, Haryana in the matter of M/s Rites Ltd. [Advance Ruling No. HR/ARL/19/2022-23 dated October 18, 2022], has passed…
Cancellation of confirmed train tickets, too, will now attract GST, on cancellation charges for that particular class of travel, according…
Certain circulars have been issued by CBIC today on 03.08.2022 clarifying certain matters, some of which were discussed in the…
Circular No. 178/10/2022-GST F. No. 190354/176/2022-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated 03.08.2022…