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GST Munshi Indirect Tax Advisory & Litigation Cell

GST Munshi Indirect Tax Advisory & Litigation Cell is a specialized editorial research unit at GST Munshi comprising Chartered Accountants, tax litigators, commercial bankers, and policy analysts dedicated to verifying Indian statutory circulars (CBIC, CBDT, RBI, IRDAI, and Ministry Gazettes) into actionable guides.

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GST on Liquidated Damages, Notice Pay & Cheque Bounce: Circular 178 Guide — GST & Indirect Tax

GST & Tax

GST & Indirect Tax•CBIC Circular 178/10/2022-GST

GST on Liquidated Damages, Notice Pay & Cheque Bounce: Circular 178 Guide

GST Munshi Indirect Tax Advisory & Litigation Cell-Aug 14, 2026•17 min read

Definitive statutory guide on GST applicability on liquidated damages, employee notice pay recovery, cheque bounce penalties, and breach of contract forfeitures under CBIC Circular No. 178/10/2022-GST. Learn the legal distinction between independent supply contracts and compensatory damages under Section 7 and Schedule II Paragraph 5(e) of the CGST Act.

#GST Compliance #Income Tax #Banking & RBI Rules

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