GST on forfeiture
Query (Issue) Started By: – Rachna Gaur Dated:- 9-2-2019 Last Reply Date:- 10-2-2019 Goods and Services Tax – GST
Got 1 Reply
GST
In case BG in the form of performance security is forfieted due to non performance of contract amounts to GST liability.
\nAnd if liable then the vendor will claim the input , but this being such forfeiture of panel nature , how can GST input be given to such vendor
\nPlz reply on such issue…
\nReply By KASTURI SETHI:
\nThe Reply:
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