Payment made for independent activity of tolerating an act constitutes supply

Sarda Energy & Minerals Ltd Vs Pr. Commissioner Central GST Central Excise & Customs (CESTAT Delhi) CESTAT Delhi held that unless payment has been made for an independent activity of tolerating an act under an independent arrangement entered into for such activity or tolerating an act, such payment will not constitute ‘consideration’ and such activities will not constitute ‘supply’. Facts- M/s Sarda Energy & Minerals Ltd. received an amount of EURO 8.5 Millions towards damages in arbitration proceedings in connection with the purchase order dated 23.10.2007 issued for Press...