https://www.taxtmi.com/highlights?id=79070 The High Court addressed various issues in a challenge to a final arbitration award u/s 34 of the Arbitration and Conciliation Act, 1996. The dispute involved deductions for welcome drinks, service charges, service tax, GST, interest, and costs. The court upheld the arbitrator's decision on deductions made by the petitioner and service charges. It found the petitioner liable for production charges and service tax due to the absence of a contract. The court also confirmed the payment of GST as settled in the interim award. Interest at 9% per annum was awarded from the initiation of arbitration. The court upheld the arbitrator's discretion in awarding costs, ultimately dismissing the petition for lack of grounds u/s 34 of the Act. en-us Thu, 04 Jul 2024 08:14:48 +0530 Thu, 04 Jul 2024 08:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79070 The High Court addressed various issues in a challenge to a final arbitration award u/s 34 of the Arbitration and Conciliation Act, 1996. The dispute involved deductions for welcome drinks, service charges, service tax, GST, interest, and costs. The court upheld the arbitrator's decision on deductions made by the petitioner and service charges. It found the petitioner liable for production charges and service tax due to the absence of a contract. The court also confirmed the payment of GST as settled in the interim award. Interest at 9% per annum was awarded from the initiation of arbitration. The court upheld the arbitrator's discretion in awarding costs, ultimately dismissing the petition for lack of grounds u/s 34 of the Act. Highlights Indian Laws Thu, 04 Jul 2024 08:14:48 +0530 https://www.taxtmi.com/highlights?id=79070