https://www.taxtmi.com/caselaws?id=413583 The court ruled that amounts claimed for works executed before the introduction of GST are not taxable under CGST/SGST Acts. Refunds of excess deductions made against bills raised for works completed in the pre-GST period are not considered taxable under CGST/SGST Acts. Interest on delayed payments for works executed in the pre-GST period is also not liable to tax. However, consideration received by the arbitral tribunal is taxable on a reverse charge basis under CGST & SGST Acts. Liquidated damages for delays are taxable under CGST and SGST Acts. Interest on amounts determined by the arbitral tribunal is considered taxable under CGST/SGST Acts. The court issued an advance ruling confirming the GST applicability on arbitration claims for pre-GST works contracts and specified HSN codes and GST rates for liabilities. en-us Fri, 08 Oct 2021 00:00:00 +0530 Thu, 27 Mar 2025 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413583 The court ruled that amounts claimed for works executed before the introduction of GST are not taxable under CGST/SGST Acts. Refunds of excess deductions made against bills raised for works completed in the pre-GST period are not considered taxable under CGST/SGST Acts. Interest on delayed payments for works executed in the pre-GST period is also not liable to tax. However, consideration received by the arbitral tribunal is taxable on a reverse charge basis under CGST & SGST Acts. Liquidated damages for delays are taxable under CGST and SGST Acts. Interest on amounts determined by the arbitral tribunal is considered taxable under CGST/SGST Acts. The court issued an advance ruling confirming the GST applicability on arbitration claims for pre-GST works contracts and specified HSN codes and GST rates for liabilities. Case-Laws GST Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413583