https://www.taxtmi.com/article/detailed?id=16077 GST applies only where there is a supply of goods or services or both made for consideration in the course or furtherance of business. Payments directed under an arbitral award, including amounts for outstanding invoices, price variation, refund of an encashed performance bank guarantee, and compensatory interest, are treated as settlements or corrections of prior contractual adjustments rather than fresh supplies. The article also states that transitional provisions and TDS provisions do not apply where the underlying payment is not linked to a taxable supply. en-us Wed, 25 Mar 2026 09:08:23 +0530 Wed, 25 Mar 2026 09:08:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16077 GST applies only where there is a supply of goods or services or both made for consideration in the course or furtherance of business. Payments directed under an arbitral award, including amounts for outstanding invoices, price variation, refund of an encashed performance bank guarantee, and compensatory interest, are treated as settlements or corrections of prior contractual adjustments rather than fresh supplies. The article also states that transitional provisions and TDS provisions do not apply where the underlying payment is not linked to a taxable supply. Articles Goods and Services Tax - GST Wed, 25 Mar 2026 09:08:23 +0530 https://www.taxtmi.com/article/detailed?id=16077