GST on liquidated damages awarded by the arbitral tribunal

The GST was brought into force by the Indian government on July 1 st  2017 with an objective of “one nation, one tax”. The introduction of GST drastically changed the indirect tax regime in India. Various central as well as federal taxes were subsumed into the GST. Despite continuous efforts of the Indian government, there are multiple areas where jurisprudence under GST law has not yet been…