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"
- Key GST and Customs Legal Updates: E-Filing, ITC, Refunds, and Recent High Court Judgments
- CBIC to Slash Customs Clearance Time to 1-48 Hours with New Integrated Digital System
- GSTAT E-Filing: Staggered Appeal Timelines and Limitation Rules Under Section 112 Simplified
- Govt Imposes 5% GST on Horse Sales at Pushkar Fair, Buyers Flock for Marwari Breed
- Zero GST on Health Insurance Drives 38% Surge in Demand, Report Finds
