Exemption from GST on Liquidated Damages: Arbitral Award & Mutual Agreement

In re TPSC (India) Private Limited (GST AAR Telangana)

Whether the contract completed during the Pre-GST period and the consequential demand based on the completed contract can be brought to assessment under GST Act, 2017?

Ruling: No. In view of the clarification issued vide CBIC Please become a Premium member. If you are already a Premium member, login here to access the full content.