https://www.taxtmi.com/circulars?id=65845 GSTability hinges on whether a payment is consideration for a contractual agreement to refrain, tolerate or do an act. Only where an express or implied agreement exists and consideration flows as payment for that agreed-for activity will the receipt constitute a taxable supply; mere compensatory payments, statutory compensation, fines for breach or penalties for violation of law that do not procure an agreed toleration or act are not consideration and are not taxable. en-us Wed, 10 Aug 2022 00:00:00 +0530 Fri, 09 Sep 2022 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65845 GSTability hinges on whether a payment is consideration for a contractual agreement to refrain, tolerate or do an act. Only where an express or implied agreement exists and consideration flows as payment for that agreed-for activity will the receipt constitute a taxable supply; mere compensatory payments, statutory compensation, fines for breach or penalties for violation of law that do not procure an agreed toleration or act are not consideration and are not taxable. Circulars GST - States Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65845