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GST on Compensation Received
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....ST on Compensation Received<br> Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 15-6-2020 Last Reply Date:- 20-6-2020 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>"A" supplies R....
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....aw material to "B". It so happens that ouput of "B" by using "A"s supply turns out to bad / nonsaleable. To maintain good relationship and keeping commercial expediency in view, "A" agrees to pay comp....
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....ensation to "B" calculated at sale value of defective output. It is proven that "B" output has become non-saleable because of raw material supplied by "A". Question :- Whether "B" is liable to pay G....
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....ST on Compensation amount received from "A" Reply By YAGAY andSUN: The Reply: Please refer following article in connection with your query: - https://www.taxmanagementindia.com/visitor/detail_artic....
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....le.asp?ArticleID=9223 Reply By Ganeshan Kalyani: The Reply: Sir, the compensation amount is taxable in the hand of "B". Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: B is liable to pay ....
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....GST on compensation amount received from A<br> Discussion Forum - Knowledge Sharing ....