https://www.taxtmi.com/caselaws?id=418464 AAR ruled that liquidated damages recoverable for project commissioning delays constitute a 'supply' under GST law, specifically as forbearance (tolerating an act) under Schedule II to the CGST Act. The damages represent consideration for the applicant tolerating delays, making them subject to GST at 9% each under CGST and SGST. The time of supply is the date when damages are determined according to the contractual formula, which occurs within three days after actual commissioning. en-us Wed, 16 Feb 2022 00:00:00 +0530 Tue, 01 Apr 2025 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418464 AAR ruled that liquidated damages recoverable for project commissioning delays constitute a 'supply' under GST law, specifically as forbearance (tolerating an act) under Schedule II to the CGST Act. The damages represent consideration for the applicant tolerating delays, making them subject to GST at 9% each under CGST and SGST. The time of supply is the date when damages are determined according to the contractual formula, which occurs within three days after actual commissioning. Case-Laws GST Wed, 16 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418464