Indirect Tax Weekly Digest | 27 April 2022

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 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 delayed 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 Credit

We hope you find it useful and an interesting read.