Is GST applicable if we paid settelemet Amount to party

Others 250 views 3 replies
IS GST applicable if we paid settelemet Amount to other party
Replies (3)

settlement in what nature loan or against goods or services.? 

if it is loan repayment - no gst

if it is against goods or services it depends on various factor like supply, place of supply, etc.

Settlement on the matter of property in court
To check whether gst is applicable or not, we have to see whether the said transaction is covered in sec7.

once its satisfies sec 7, then the tax is levied in sec 9.

sec 7 of cgst act 2017, states that supply includes all forms of supply involving consideration made in course or furtherance of bussiness.

and supply inncludes..
the transactions which are mentioned in sch 1 without consideration.
the transactions constituting supply and mentioned in sch 2.

refer sec 7 and sch II of cgst act 2017 to get a clarity regarding said transaction is suplly or not.

in order to express an opinion, there is a need of more speciffic facts.

hope this helps.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details