A contract work was completed in the pre- gst period. The arbitration award was received after GST on 2019. Payment was delayed and paid in 2021. Should I pay gst for this award
Thanks in Advance
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Gst for arbitration award
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Quick Summary
In re Continental Engineering Corporation (GST AAR Telangana)
GST payable on amount received through Arbitration for work executed in pre-GST period
Telangana Authority for Advance Ruling has held that Goods and Services Tax (GST) would be payable on the amount received through Arbitration for work executed in the pre-GST period.
Yes GST is payable
Right....
Yes....
Yeah..
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