https://www.taxtmi.com/caselaws?id=360768 The ruling concluded that GST is applicable on Liquidated Damages (LD) in cases of Operation & Maintenance activities and Construction or renovation of power plants. LD falls under HSN code 9997, attracting an 18% rate. The time of supply for LD is when the liability for payment is established. GST applies only for delays occurring after the GST roll-out, with specific guidance provided for transitional periods. The ruling did not address the eligibility for Input Tax Credit on LD, suggesting the contractor/vendor should raise this query. en-us Tue, 08 May 2018 00:00:00 +0530 Wed, 19 Aug 2020 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360768 The ruling concluded that GST is applicable on Liquidated Damages (LD) in cases of Operation & Maintenance activities and Construction or renovation of power plants. LD falls under HSN code 9997, attracting an 18% rate. The time of supply for LD is when the liability for payment is established. GST applies only for delays occurring after the GST roll-out, with specific guidance provided for transitional periods. The ruling did not address the eligibility for Input Tax Credit on LD, suggesting the contractor/vendor should raise this query. Case-Laws GST Tue, 08 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360768