Continental Engineering Corporation ., In re
Date: October 8, 2021
Subject Matter
18% GST is applicable on the proposed receipt of money in case of Arbitration claims awarded for works contract completed in the Pre-GST regime
Summary
Q. Whether GST is applicable on the proposed receipt of money in case of Arbitration claims awarded for works contract completed in the Pre-GST regime? A. As per the issues mentioned in the arbitration award, clauses 6.4 and 42.2 of the General Condi…
1. M/s . Continental Engineering Corporation, F.No. 102, 1st Floor, Boston Towers, Uppar pally, Rajendernagar, Rangareddy, Telangana, 500 048. (GSTIN No. 36AACCC6948C1ZQ) have filed an application in FORM GST ARA-01 under Section 97(1) of TGST Act, 2017 read with Rule 104 of CGST/TGST Rules, 2. At the outset, it is made clear that the provisions of both the CGST Act and the TGST Act are the same e…