GST applicability on liquidated damages, compensation, and penalties arising out of breach of contract or other provisions of law – reg.
According to the above circular, there will be no GST on the shortfall of the notice period recovery amount.
Suresh
From India, Thane
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275According to the above circular, there will be no GST on the shortfall of the notice period recovery amount.
Suresh
From India, Thane
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Order No. 1-2018 Extension of date for submitting the statement in FORM GST TRAN-2.pdf