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Clarification regarding applicability of GST on the activity of construction of road where considerations are received in deferred payment (annuity) - GST - States - CCT/26-4/2017-18/E/853

Extract

..... upfront while remaining payment is made through deferred payment (annuity) spread over years. 2. This issue has been examined by the GST Council in its 43rd meeting held on 28th May, 2021. 2.1 GST is exempt on service, falling under heading 9967 (service code), by way of access to a road or a bridge on payment of annuity [entry 23A of notification No. 38/1/2017-Fin(R&C)(12/2017-Rate)]. Heading 9967 covers “supporting services in transport” under which code 996742 covers “o .....

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Clarification regarding applicability of GST on the activity of construction of road where considerations are received in deferred payment (annuity) - GST - States

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..... ), even if deferred payment is made by way of instalments (annuities). 3. Accordingly, as recommended by the GST Council, it is hereby clarified that Entry 23A of notification No. 38/1/2017-Fin(R&C)(12/2017-Rate) does not exempt GST on the annuity (deferred payments) paid for construction of roads. 4. Difficulty if any, in the implementation of this circular may be brought to the notice of the undersigned. Hemant Kumar, IAS, Commissioner State Tax, Goa. Panaji, 6th July, 2021. Note: Similar .....

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Clarification regarding applicability of GST on the activity of construction of road where considerations are received in deferred payment (annuity) - GST - States

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