GST Applies to Liquidated Damages for Project Delays; Considered Independent Supplies Under Contractual Tolerance.
Case-Laws
GST
Levy of GST – liquidated damages for delay in erection, testing and commissioning – independent supply or not? – The appellant could have opted for harsh measures like termination of contract but instead it chooses to tolerate the delay in return of payment of money – Levy of GST confirmed.
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