https://www.taxtmi.com/circulars?id=66567 GST applies to payments only when there is an express or implied contractual agreement creating a nexus between the payment and an agreed obligation to refrain from, tolerate, or do an act; mere monetary flows arising from breach, statutory cancellation or fines that compensate loss or deter wrongdoing are not consideration for a supply and are not taxable, whereas payments serving as consideration for independent or ancillary agreements to tolerate, refrain or perform are supplies taxable according to the principal supply's treatment. en-us Fri, 02 Dec 2022 00:00:00 +0530 Thu, 06 Jul 2023 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66567 GST applies to payments only when there is an express or implied contractual agreement creating a nexus between the payment and an agreed obligation to refrain from, tolerate, or do an act; mere monetary flows arising from breach, statutory cancellation or fines that compensate loss or deter wrongdoing are not consideration for a supply and are not taxable, whereas payments serving as consideration for independent or ancillary agreements to tolerate, refrain or perform are supplies taxable according to the principal supply's treatment. Circulars GST - States Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66567