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
Gst for arbitration award
Replies (5)
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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