From payment for not serving notice period to cheque dishonour, CBIC clears the air

With the completion of 5-years since the introduction of GST, the certainty of tax positions and ease of compliances for taxpayers have emerged as key drivers for a robust  GST  system. Recent circulars issued by  CBIC  are a step towards removing ambiguity and disputes on interpretational issues under the law.  One such issue is GST on payment towards breach of contractua…