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GST - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Levy of GST - liquidated damages - to be classified within the ...


GST Applies to Liquidated Damages Under Heading 9997 at 18%; Time of Supply Set by Agreement Terms.

May 22, 2018

Case Laws     GST     AAR

Levy of GST - liquidated damages - to be classified within the Heading 9997 - Liable to be taxed @18%. - time of supply will be, when the same is determined / established as per the agreement - AAR

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