GST Applies to Settlement Fees in Timor-Leste Oil Block Deal; GSPC (J) Liable for IGST via Reverse Charge.

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....Levy of GST - supply or not - payment of settlement fees pursuant to deed of settlement and Release signed for Timor-Leste Oil Block Production Sharing Contract - supply in GST era or not - GSPC (J) is liable to pay IGST, vide Reverse Charge Mechanism, on Import of Subject supply of Service from ANP. - AAR....