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

Last updated: 16 July 2021

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Quick Summary

This notification provides clarification on how Goods and Services Tax (GST) applies to the construction of roads where payments are received over time as annuities. It addresses the specific circumstances and conditions under which GST regulations are to be interpreted for such deferred payment arrangements in road construction projects.

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FAQ :

The notification clarifies the applicability of GST on road construction projects where payments are received through deferred annuity payments.

This notification is relevant to entities involved in road construction projects that receive payments on a deferred basis, specifically through annuities.

The notification clarifies the GST treatment for the activity of road construction when considerations are received in the form of deferred payments (annuity).

You can download the official notification from the provided link within the article.