GST Circular No 150/2021 | GST is not exempt on the activity of construction of road where considerations are received in deferred payment (annuity).

GST Circular No 150/2021

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. 12/2017-Central Tax].

Entry 23A of notification No. 12/2017-CT(R) does not exempt GST on the annuity (deferred payments) paid for construction of roads

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