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Read more about Indirect Tax Legislative, Judicial updates and Foreign Trade Policies in The Indirect Tax Weekly Digest by BDO in India.This edition of the weekly digest highlights: AAR Andhra Pradesh - Supply made in course of business is liable to GST even if made with NIL monetary...
I. Clarification on applicability of GST on Liquidated Damages, Compensation and penalty arising out of breach of contract or other provisions of law (Circular no. 178/10/2022-GST dated 03.08.2022)1. Entry 5(e) to Schedule II of the Central Goods and Services Tax Act, 2017 (“CGST Act”) provides...