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Compensation whether "furtherence of business" for input tax credit

Compensation whether furtherence of business for input tax credit - Goods and Services Tax - Started By: - Rakesh Chitkara - Dated:- 20-6-2017 Last Replied Date:- 30-12-1899 - FACTS :A developer pays compensation to its customers to compensate for delay and default in handing over of the possession of property within the stipulated time.Compensation will be formula based (more like an interest) calculated based on amounts paid and period of delay.QUERY ::Whether GST will be applicable on this co .....

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