Case LawAdvance Ruling No. GST-ARA-07/2018-19/B-63
North American Coal Corporation India Private limited ., In re
- Court:
- Authority for Advance Ruling
- Bench:
- Maharashtra
- Date:
- July 11, 2018
- Type:
- Advance Ruling
Subject
GST applicable on liquidated damages to be awarded by International Chamber of Commerce
Supply
Summary
1. Whether liquidated damages that may be awarded to the Applicant by the International Chamber of Commerce (“ICC”) qualifies as a ‘supply’ under the Goods and Services Tax (“GST”) law, thereby attracting the levy…
Judgement
The present application has been filed under section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as “the CGST Act and MGST Act”] by M/s. North American Coal Corporation India Private limited, the applicant, (hereinafter also referred to as, ‘NACC) seeking an advance ruling in respect of the follo…