CBIC has issued Circular No. 178 dated 03.08.2022 clarifying on GST applicability issues in relation to various types of declared services which were taxed for the first time on service tax w.e.f. 01.07.2012. These relate to liquidated damages, compensation, various types of cancellations, compensation for not collecting toll charges etc.
Source Taxguru
Latest Posts in "India"
- BJD Urges Odisha Government to Cut VAT on Petrol, Diesel Amid Global Fuel Crisis Concerns
- Strategic Management of GST Credit Notes: Compliance, Timing, and Tax Implications for Finance Leaders
- Himachal Pradesh Assembly Approves VAT Bill, Permits Up to ₹5 Cess on Petrol, Diesel
- Karnataka AAR Allows ITC on Ancillary Expenses for Used Vehicles Sold Under Margin Scheme
- ISD Credit Distribution Allowed Only After ITC Eligibility Under Section 16, Rules Madras High Court
