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GST - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Levy of GST - Liquidated damages - Supply or not - point of ...

Case Laws     GST

October 26, 2018

Levy of GST - Liquidated damages - Supply or not - point of taxation - tolerate an act - though in the agreement they may be giving this consideration, other names such as 'damages' or 'compensation' as thought proper by them, but these different nomenclatures in their Agreement would in no way change the actual nature of monetary "consideration" which would clearly be taxable for the supply of services.

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