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GST on liquidated damages, Goods and Services Tax - GST

Issue Id: - 118174
Dated: 28-9-2022
By:- Kaustubh Karandikar

GST on liquidated damages


  • Contents

Amount recovered by XYZ Ltd. (India) from a supplier outside India towards ‘Liquidated Damages’ for late delivery of imported goods. Whether XYZ is liable to pay GST on it considering the clarification given in the Circular No. 178/10/2022-GST dt. 3.08.2022?

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Page: 1


1 Dated: 28-9-2022
By:- Ganeshan Kalyani
In my view, GST is not applicable.

Page: 1

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