https://www.taxtmi.com/highlights?id=90209 The AAR held that the amounts received as interest and costs awarded under arbitration do not constitute a supply liable to GST, as the transactions relate to the pre-GST period and fall outside the scope of Schedule II, clause 5(e). The work contract lacked any penalty, compensation, or interest recovery provisions for delayed payments. Consequently, the applicant is not obligated to remit GST on the arbitration-awarded interest and costs. Other related contentions were deemed inapplicable. en-us Mon, 07 Jul 2025 08:42:47 +0530 Mon, 07 Jul 2025 08:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=90209 The AAR held that the amounts received as interest and costs awarded under arbitration do not constitute a supply liable to GST, as the transactions relate to the pre-GST period and fall outside the scope of Schedule II, clause 5(e). The work contract lacked any penalty, compensation, or interest recovery provisions for delayed payments. Consequently, the applicant is not obligated to remit GST on the arbitration-awarded interest and costs. Other related contentions were deemed inapplicable. Highlights GST Mon, 07 Jul 2025 08:42:47 +0530 https://www.taxtmi.com/highlights?id=90209