Is GST applicable on damages awarded by court to property owner for illegal property occupation or is it an actionable claim and exempt from GST ?
Menu
GST on compensation for unauthorised property occupation
Replies (1)
Court-awarded compensation for illegal property occupation is treated as restitution for loss or damage rather than a consideration for a service. Consequently, it is generally considered outside the scope of GST. However, always ensure the nature of the payment is clearly defined as compensatory in court orders to avoid ambiguity.
Recent Topics :
- Company 3 months old, INC-20A not filed, all 3 of
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
- Short Deduction
- Large mismatch between AIS Business Receipts and G
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
Related Topics :
CAclubindia
