GST not Payable on liquidated damages for breach of exploration obligations

In re GSPC (JPDA) Ltd. (AAAR Gujarat)

Gujarat Appellate Authority for Advance Ruling (AAAR) reviewed the taxability of a settlement payment made by GSPC (JPDA) Ltd. to the National Petroleum and Minerals Authority (ANP). The case involved the termination of a Production Sharing Contract (PSC) for petroleum exploration in the Joint Petro

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