GST on compensation received

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..... XYZ received a Purchase Order from the local customer towards supply to be made prior to GST era but order cancelled by the supplier. XYZ filed a legal case against the customer and the verdict was in .....

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..... favour of XYZ. Therefore, the customer gave the compensation amount to XYZ but during the GST era. Whether XYZ is required to pay GST on the compensation received? - Reply By Amit Agrawal - The Repl .....

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..... y = NO, in my humble view. These are ex facie views of mine and the same should not be construed as professional advice / suggestion. - Reply By Shilpi Jain - The Reply = No liability. - Reply .....

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..... By Padmanathan Kollengode - The Reply = No GST on the compensation ordered by court - Reply By KASTURI SETHI - The Reply = Compensation is not income and no GST is leviable. - GST on compensati .....

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..... on received - Query Started By: - Kaustubh Karandikar Dated:- 30-3-2023 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal o .....

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..... pinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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