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of <h1>Uttar Pradesh GST Circular: Liquidated Damages, Penalties Not Taxable as Service Supply Under GST Act 2017.</h1> The circular from the Office of the Commissioner, State Tax, Uttar Pradesh, addresses the applicability of GST on liquidated damages, compensation, and penalties arising from breaches of contract or other legal provisions. It clarifies that such payments do not constitute a supply of service under the Uttar Pradesh Goods and Services Tax Act, 2017, unless they are part of a contractual agreement where one party agrees to refrain from, tolerate, or perform an act for consideration. Payments like liquidated damages, penalties for law violations, and compensation for contract breaches are not taxable as they are not considered a supply of service. The document provides examples and guidelines for determining taxability in specific cases.
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