https://www.taxtmi.com/article/detailed?id=10670 Agreements to refrain from an act, to tolerate an act or to do an act are supplies of services under Entry 5(e) when payment is consideration for that specific obligation; contractual charges that enable or modify the primary service (such as cancellation charges or late payment fees) are taxable as part of the principal supply, whereas pure compensation, fines, penalties, liquidated damages for breach or forfeiture that confer no benefit do not constitute consideration and are not taxable. en-us Tue, 06 Sep 2022 07:12:42 +0530 Tue, 06 Sep 2022 07:12:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10670 Agreements to refrain from an act, to tolerate an act or to do an act are supplies of services under Entry 5(e) when payment is consideration for that specific obligation; contractual charges that enable or modify the primary service (such as cancellation charges or late payment fees) are taxable as part of the principal supply, whereas pure compensation, fines, penalties, liquidated damages for breach or forfeiture that confer no benefit do not constitute consideration and are not taxable. Articles Goods and Services Tax - GST Tue, 06 Sep 2022 07:12:42 +0530 https://www.taxtmi.com/article/detailed?id=10670