EMD Forfeiture

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CA
51 Points Joined July 2007
what will be the treatment of emd forfeiture under GST? pl advise in detail.
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On 12 September 2017 at 21:48 Report
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CA
51 Points Joined July 2007
how the status of inter state or intra state will be decided
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On 12 September 2017 at 22:17
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CA
51 Points Joined July 2007
which is the applicable section of GST act
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On 12 September 2017 at 22:18
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CA
51 Points Joined July 2007
GST if applicable, will be charged on forward basis or reverse charge basis
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On 12 September 2017 at 22:19
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Service
4280 Points Joined July 2008
Forfeiture of EMD is similar to levy of LD/Penalty for Non performance of Contract. It is taxable under head "Agreeing to tolerate an act", SAC 999794, GST 18%. For conceptual clarity on GST, may refer https://www.amazon.in/dp/194832105X https://www.amazon.in/dp/164249030X
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On 07 February 2018 at 19:04


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