https://www.taxtmi.com/forum/issue?id=120820 Forfeited advances for non-lifting of goods, where no separate agreement to tolerate the buyer's failure exists, operate as liquidated damages and not as consideration for a supply; administrative guidance and rulings treat such forfeiture as consequence of breach and therefore not subject to GST absent an express contractual arrangement creating a tolerance service. en-us Wed, 18 Mar 2026 15:20:46 +0530 Sat, 21 Mar 2026 01:22:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120820 Forfeited advances for non-lifting of goods, where no separate agreement to tolerate the buyer's failure exists, operate as liquidated damages and not as consideration for a supply; administrative guidance and rulings treat such forfeiture as consequence of breach and therefore not subject to GST absent an express contractual arrangement creating a tolerance service. Discussion-Forum GST Wed, 18 Mar 2026 15:20:46 +0530 https://www.taxtmi.com/forum/issue?id=120820