GST applicability on liquidated damages, compensation and penalty arising out of breach of contract

suresh2511
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
1 Attachment(s) [Login To View]

saswatabanerjee
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?
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute