PENALTY OR SALE

132 views 1 replies
What if

my customer Order me for a machine and after half of completion of machine they cancelled the order now as per contract they are ready to pay me my cost plus profit amount


Is GST applicable ?
If Yes

HSN CODE?
Replies (1)
As per section 15 according to me yes
the rate on principal supply will be the rate on penalty.

pls confirm from others

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