GST On Liquidated Damages Arbitration

WBAAR Rules on GST Applicability on Arbitration Awards under Pre-GST Contracts The applicant, Karam Chand Thapar & Bros (Coal Sales) Limited, signed three contracts with THDC India Ltd in 1996 related to the execution of construction work of hydropower plants, which were completed in the year 2007-08. The assessee received the final payment in 2011. During…