1) Whether GST is leviable on compensation amounts such as liquaidated damages / trade settlement / damages collected from the customers for non-performing of contractual obligations or breach of the contract?
2) If GST is leviable on the said activity, what is the HSN Code applicable and the rate of GST applicable for the said activity?
3) If GST is not leviable on the said activity, does the restriction of input tax Credit of common services under 42 & 43 of CGST/APGST Rules, 2017 will attract?
States/UT
Order No. & Date
AAR No.12/AP/GST/2023 dated: 21.12.2023
Order date
21-12-23
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Category
97(2) (e)
Year