https://www.taxtmi.com/article/detailed?id=16110 Arbitration awards arising from construction and infrastructure contracts must be analysed component-wise for GST purposes, because different claims within the same award may have different tax consequences. Amounts awarded for additional work, price escalation, or upward revision of contract value retain the character of consideration for supply and are liable to GST, while amounts awarded as compensation for breach of contract, liquidated damages, loss, delay, or reimbursement of damage do not constitute consideration for supply and fall outside GST. The timing of payment does not by itself exclude taxability where the award revises contract value upward under the transitional framework. en-us Tue, 31 Mar 2026 08:27:48 +0530 Tue, 31 Mar 2026 08:27:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16110 Arbitration awards arising from construction and infrastructure contracts must be analysed component-wise for GST purposes, because different claims within the same award may have different tax consequences. Amounts awarded for additional work, price escalation, or upward revision of contract value retain the character of consideration for supply and are liable to GST, while amounts awarded as compensation for breach of contract, liquidated damages, loss, delay, or reimbursement of damage do not constitute consideration for supply and fall outside GST. The timing of payment does not by itself exclude taxability where the award revises contract value upward under the transitional framework. Articles Goods and Services Tax - GST Tue, 31 Mar 2026 08:27:48 +0530 https://www.taxtmi.com/article/detailed?id=16110