TMI BlogSEZ Project Termination: Refund and Compensation Classified as "Supply of Services" Under GST Regulations.Classification of supply - obligation to refrain from an Act, or to tolerate an Act or a situation - receipt of compensation - the project of setting of SEZ was terminated due to protest by the People - Thus the original amount which is paid back along with compensation would clearly qualify as ‘Supply of Services’. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|