https://www.taxtmi.com/caselaws?id=284639 The ruling clarified that GST is applicable on Liquidated Damages and other penalties in supply and maintenance contracts, as well as project construction contracts. Liquidated Damages fall under HSN code 9997 with an 18% GST rate. The liability to pay GST arises when the delay is established and the LD is determined. GST applies only to the portion of Liquidated Damages corresponding to the period after the GST implementation, with reference to section 14 of the CGST Act for determination. en-us Fri, 11 Jan 2019 00:00:00 +0530 Wed, 05 Mar 2025 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284639 The ruling clarified that GST is applicable on Liquidated Damages and other penalties in supply and maintenance contracts, as well as project construction contracts. Liquidated Damages fall under HSN code 9997 with an 18% GST rate. The liability to pay GST arises when the delay is established and the LD is determined. GST applies only to the portion of Liquidated Damages corresponding to the period after the GST implementation, with reference to section 14 of the CGST Act for determination. Case-Laws GST Fri, 11 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284639