Indirect Tax Weekly Digest | 27 April 2022

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'?This edition of the weekly digest highlights:

  • AAR Telangana - Liquidated damages / penalties received is a ‘Supply’ under GST and taxable at the rate of 18%

  • AAR- Telangana - Valuation of supply for the purpose of levy of GST to include interest on tdelayed payments

  • AAR – Telangana - Existing GST registration in the State of Telangana which will cover all taxable transactions is enough to make taxable supplies directly from Customs port and entitled to avail Input Tax Credi