06
August
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GST Update
CBIC has issued three circulars clarifying several issues related to taxability and exemptions on 03.08.2022. It is clarified that GST is not applicable on liquidated damages, notice period recovery, cheque bounce charges, and so on. The summary of the clarifications is attached herewith.
Please click the below link to read / download the attachment:
GST Updates – Clarifications issued on 3.8.22
Trust you will find this useful and timely.
For any queries, kindly contact: