GST on payment of settlement fees against demand

In re GSPC (JPDA) LTD. (GST AAR Gujarat)

Issue: Whether payment of settlement fees against demand made by Autoridade Nacional do Petroleo E Minerais (ANP) vide letter dated 15.07.2015 attract levy of GST under GST regulations. Ans. GSPC (J) is liable to pay IGST, vide Reverse Charge Mechanism, on Import of Subject supply of Service from ANP.

BRIEF FACTS

The applicant M/s. GSPC(JPDA)LTD., has submitted that petrole

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