Gst on ticket cancellation
Vandna Sinha (42 Points)
12 October 2021Vandna Sinha (42 Points)
12 October 2021
akshay Kumar
(137 Points)
Replied 12 October 2021
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 12 October 2021
Concept of cancellation can be linked to liquidated damages. Cancellation is in line with compensation and is not a charge against a supply. Therefore, ideally GST should not be charged on the same. Although, as the tax position is unclear, taxpayers are presently charging GST on the same.
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