https://www.taxtmi.com/circulars?id=66056 Taxability requires that payments be consideration for a supply by way of an agreement to do, refrain from, or tolerate an act; mere compensatory or punitive payments arising from breach, statutory cancellation, or penalties without an agreement to tolerate or refrain are not consideration and are not taxable, whereas payments that constitute consideration for ancillary facilitation services (such as cancellation fees or late payment acceptance) are taxable and assessed with the principal supply unless the principal supply is exempt. en-us Fri, 16 Sep 2022 00:00:00 +0530 Mon, 05 Dec 2022 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66056 Taxability requires that payments be consideration for a supply by way of an agreement to do, refrain from, or tolerate an act; mere compensatory or punitive payments arising from breach, statutory cancellation, or penalties without an agreement to tolerate or refrain are not consideration and are not taxable, whereas payments that constitute consideration for ancillary facilitation services (such as cancellation fees or late payment acceptance) are taxable and assessed with the principal supply unless the principal supply is exempt. Circulars GST - States Fri, 16 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66056