Independent show-cause notices remain separate proceedings, while customs adjudication challenges should ordinarily follow the statutory appellate rem...
Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automa...
Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
The AAR held that the amounts received as interest and costs awarded under arbitration do not constitute a supply liable to GST, as the transactions relate to the pre-GST period and fall outside the scope of Schedule II, clause 5(e). The work contract lacked any penalty, compensation, or interest recovery provisions for delayed payments. Consequently, the applicant is not obligated to remit GST on the arbitration-awarded interest and costs. Other related contentions were deemed inapplicable.
The AAR held that the amounts received as interest and costs awarded under arbitration do not constitute a supply liable to GST, as the transactions relate to the pre-GST period and fall outside the scope of Schedule II, clause 5(e). The work contract lacked any penalty, compensation, or interest recovery provisions for delayed payments. Consequently, the applicant is not obligated to remit GST on the arbitration-awarded interest and costs. Other related contentions were deemed inapplicable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
