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GST on liquidated damages, Goods and Services Tax - GST

Issue Id: - 118174
Dated: 28-9-2022
By:- Kaustubh Karandikar

GST on liquidated damages

Contents

Amount recovered by XYZ Ltd. (India) from a supplier outside India towards ‘Liquidated Damages’ for late delivery of imported goods. Whether XYZ is liable to pay GST on it considering the clarification given in the Circular No. 178/10/2022-GST dt. 3.08.2022?

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Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 28-9-2022
By:- Ganeshan Kalyani

In my view, GST is not applicable.

Page: 1

Old Query - New Comments are closed.

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