INDUSLAW | GOODS AND SERVICES TAX ON LIQUIDATED DAMAGES

Published On: 01/06/2018

Practice Area: Projects & Project Finance, Dispute Resolution

Authors:

Ran Chakrabarti

Divya Varghese

Harman Walia

The Maharashtra Authority for Advanced Ruling (the 'AAR') recently held in an advance ruling that goods and services tax ('GST') is applicable on liquidated damages imposed on delayed performance or non-performance of contracts executed in relation to certain services.

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GOODS AND SERVICES TAX ON LIQUIDATED DAMAGES