AAAR: Reverses AAR order, 'Ordnance Factory Board' equivalent to 'Central Govt.', goods/services provided exempt

Maharashtra AAAR reverses the AAR order and accords the title of “Central Government” to the appellant, a unit of Ordnance Factories Board who manufactures propellants and commercial explosives functioning under the Ministry of Defence, Govt. of India; Therefore holds appellant not liable to pay GST on (i) ‘Liquidated damages’ for delayed delivery of goods or services (ii) ‘Security deposit’ forfeited of suppliers due to non-fulfilment of certain contract conditio...