TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Andhra Pradesh Clarifies GST Non-Applicability on Liquidated Damages, Penalties, and Compensation Under GST Act 2017.</h1> The circular issued by the Andhra Pradesh Commercial Taxes Department addresses the applicability of GST on payments such as liquidated damages, compensation, and penalties arising from breaches of contract or other legal provisions. It clarifies that such payments are not considered a supply of service under the Andhra Pradesh Goods and Services Tax Act, 2017, unless they are part of a contractual agreement to refrain from, tolerate, or perform an act. The circular provides examples where such payments are not taxable, emphasizing that they are compensatory rather than consideration for a service. It advises tax authorities to assess each case individually based on these guidelines.
TaxTMI 
TaxTMI 
