TaxTMI 
TaxTMI 
GST on compensation received
X X X X Extracts X X X X
X X X X Extracts X X X X
....ST on compensation received<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 30-3-2023 Last Reply Date:- 6-4-2023 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>XYZ received a Purc....
X X X X Extracts X X X X
X X X X Extracts X X X X
....hase Order from the local customer towards supply to be made prior to GST era but order cancelled by the supplier. XYZ filed a legal case against the customer and the verdict was in favour of XYZ. The....
X X X X Extracts X X X X
X X X X Extracts X X X X
....refore, the customer gave the compensation amount to XYZ but during the GST era. Whether XYZ is required to pay GST on the compensation received? Reply By Amit Agrawal: The Reply: NO, in my humble v....
X X X X Extracts X X X X
X X X X Extracts X X X X
....iew. These are ex facie views of mine and the same should not be construed as professional advice / suggestion. Reply By Shilpi Jain: The Reply: No liability. Reply By Padmanathan Kollengode: The....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Reply: No GST on the compensation ordered by court Reply By KASTURI SETHI: The Reply: Compensation is not income and no GST is leviable.<br> Discussion Forum - Knowledge Sharing ....