https://www.taxtmi.com/forum/issue?id=118194 Whether a supplier may claim Input Tax Credit of IGST paid on a penalty imposed by a contracting authority is contested: the transaction has been identified as a service under Schedule II but 'penalty' is not expressly mentioned, creating potential dispute. If tax is assessed and paid by the recipient authority, the supplier may be able to claim credit of the tax so paid; alternatively the supplier could seek repayment from the authority in light of GST circular clarification. en-us Tue, 18 Oct 2022 18:43:03 +0530 Thu, 23 Jan 2025 15:54:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118194 Whether a supplier may claim Input Tax Credit of IGST paid on a penalty imposed by a contracting authority is contested: the transaction has been identified as a service under Schedule II but 'penalty' is not expressly mentioned, creating potential dispute. If tax is assessed and paid by the recipient authority, the supplier may be able to claim credit of the tax so paid; alternatively the supplier could seek repayment from the authority in light of GST circular clarification. Discussion-Forum GST Tue, 18 Oct 2022 18:43:03 +0530 https://www.taxtmi.com/forum/issue?id=118194