Limits of Tolerating an Act Under GST: Bombay High Court Draws a Boundary Around Taxability of Arbitral Award Settlements
Few provisions under the GST framework have witnessed interpretive expansion as aggressively as Entry 5(e) of Schedule II to the Central Goods and Services Tax Act, 2017 (“CGST Act”)1, which treats “agreeing to the obligation to refrain from an act, or to tolerate an act or a situation, or to do an act” as a supply of services. What was […]
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