05 March 2021
Govt. work completed under Agreement in 2014. Some disputes arose. Sought Arbitration for preferred claims. Arbitration Award which includes interest payment announced in 2018 after GST in force. 12% GST on works contract payment. Whether GST applicable to the award amount, including interest ? Who is to pay the GST , govt.? If yes, When will GST amount become due to be deposited , I hope after receipt of the amount from Govt. as award is liable to be challenged in various stages till Apex Court?
05 March 2021
As work completed during service tax regime only service tax applicable. Service tax not applicable on interest. Contractor has to deposit service tax.
CAclubindia
