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GST on differential payment on Settlement, Washout or Closure of Cotton Purchase / Sale Contract
Case Law Details
- Case Name
- In Re Louis Dreyfus Company India Pvt. Ltd. (AAR Punjab)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- AAR Punjab, Advance Rulings
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In Re Louis Dreyfus Company India Pvt. Ltd. (GST AAR Punjab)
Applicability of GST on the differential payment received by a party to the aforesaid contract from the other party to the contract is event of ‘Settlement’, ‘Washout’ or ‘Closure’ of Contract by it?
In the present case, there is clearly an agreement between the contracting parties to refrain from bringing in arbitration, which is also built in the contract, if the contract is settled by payment of agreed amount of monies. Therefore, this activity can clearly be considered as suppl...
