https://www.taxtmi.com/caselaws?id=445979 The AAR Gujarat held that 75% amount deposited in escrow account against bank guarantee pending challenge to arbitral award does not constitute consideration under section 2(31) of CGST Act, 2017, as it was not paid to the contractor but held in escrow requiring explicit approval for withdrawal. The deposit was deemed outside GST liability scope since the applicant disputed the decision and amount could only be withdrawn upon furnishing bank guarantee. The ruling remains valid only until final dispute resolution, with department retaining rights to recover interest on delayed GST payments if applicable. en-us Fri, 03 Nov 2023 00:00:00 +0530 Tue, 22 Apr 2025 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445979 The AAR Gujarat held that 75% amount deposited in escrow account against bank guarantee pending challenge to arbitral award does not constitute consideration under section 2(31) of CGST Act, 2017, as it was not paid to the contractor but held in escrow requiring explicit approval for withdrawal. The deposit was deemed outside GST liability scope since the applicant disputed the decision and amount could only be withdrawn upon furnishing bank guarantee. The ruling remains valid only until final dispute resolution, with department retaining rights to recover interest on delayed GST payments if applicable. Case-Laws GST Fri, 03 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445979