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<h1>Long-term Construction Contracts Taxed Under Section 186 of Model GST Law for Pre-existing Agreements on Appointed Day.</h1> Section 186 of the Model GST Law addresses the taxation of goods and services supplied under long-term construction or works contracts. It stipulates that any goods and/or services provided on or after the appointed day, pursuant to a contract established before this date, will be subject to taxation under the provisions of both the Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST) Laws. This provision ensures that pre-existing contracts are aligned with the new tax regime.