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Recently government has came out with the changes in the GST Credit utilisation method, which will result in to accumulation of credit on one hand cash payment of GST liability on the other hand. This will ultimately result in to working capital crunch to affected companies. As per new rules priority are changed for setting …

The post New Rules for GST Credit utilisation appeared first on GST Made Easy.

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What is liquidated damages (LD)? Liquidated Damages (LD) is levied or imposed when some specific task or work is not performed as per the agreed terms or condition, means that there is breach of contract terms. LD is generally levied at fixed rated irrespective of actual damages. Generally in large quantum work like infrastructure projects …

The post Applicability of GST on Liquidated Damages appeared first on GST Made Easy.

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