GST Applicable on Arbitration Awards Treated as Price Revision Under Section 142(2)(a): AAR West Bengal

In re Karam Chand Thapar & Bros (Coal Sales) Limited (GST AAR West Bengal) The applicant entered into three separate contracts in January 1996 with THDC India Limited for execution of civil works relating to the Tehri Hydro Power Plant under Packages I, II and III. The works were completed in the pre-GST regime, and final bills were raised between 2010 and 2011. During execution, multiple disputes arose between the parties concerning extra expenditure, price adjustments, rebates, deductions and additional works. As per Clause 60 of the agreements, disputes were to be resolved through a fou...