The Karnataka High Court has held that GST is not payable on liquidated damages received for any breach of contract and para 5(e) of Schedule II of the CGST Act which deals with activity that is to be treated as a ‘supply of service’ is inapplicable. The bench of Justice S.R.Krishna Kumar has distinguished by…
No GST on liquidated damages received for any breach of contract – Para 5(e) Of Schedule II of CGST Act Is Inapplicable: Karnataka HC
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Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 5+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started as a freelance tax reporter in the leading online legal news companies like LiveLaw & Taxscan.
