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GST - Highlights / Catch Notes

Home Highlights December 2023 Year 2023 This

Classification of supply - rate of GST - Supply or not - The ...

GST

December 12, 2023

Classification of supply - rate of GST - Supply or not - The damages received by the applicant from the tenant towards the termination of sub-lease before the agreed upon lock-in period as per the sub-lease deed agreements tantamount to supply as per Section 7 of Central GST Act, 2017 and the amount received towards damages as per the settlement agreement is to be construed as Consideration for the above supply - AAR

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