Levy of GST on receipt of compesation / award - amount for ...

GST Not Applicable on Compensation for Pre-GST Contract Breach; Tribunal Award Exempt u/s 142(10) & 142(2)(a.

June 29, 2023

Case Laws GST AAR

Levy of GST on receipt of compesation / award - amount for settling a dispute arising out of breach of contract - contract completed during the Pre-GST period - as no supply has happened during the GST regime as per Section 142(10) of the act ibid no GST shall be payable. Further the additional payment received by way of compensation through award by Hon’ble Tribunal for Arbitration is not falling under Section 142(2)(a) and hence not chargeable to GST. - AAR

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Levy of GST on receipt of compesation / award - amount for ...

GST Not Applicable on Compensation for Pre-GST Contract Breach; Tribunal Award Exempt u/s 142(10) & 142(2)(a.

June 29, 2023

Case Laws GST AAR

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