https://www.taxtmi.com/article/detailed?id=10798 Recoveries such as notice pay and surety bond forfeitures, nominal canteen deductions where a third party vendor already charges GST, in house ID card reissuance charges, liquidated damages, forfeited earnest money/security deposits/bank guarantees, and amounts written off as unclaimed creditors are not treated as consideration for supply and are therefore outside the scope of GST under Schedule III and relevant CBIC guidance. en-us Wed, 09 Nov 2022 10:21:57 +0530 Wed, 09 Nov 2022 10:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10798 Recoveries such as notice pay and surety bond forfeitures, nominal canteen deductions where a third party vendor already charges GST, in house ID card reissuance charges, liquidated damages, forfeited earnest money/security deposits/bank guarantees, and amounts written off as unclaimed creditors are not treated as consideration for supply and are therefore outside the scope of GST under Schedule III and relevant CBIC guidance. Articles Goods and Services Tax - GST Wed, 09 Nov 2022 10:21:57 +0530 https://www.taxtmi.com/article/detailed?id=10798