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of <h1>GST Exemption Clarified: Road Construction Payments as Annuities Not Exempt Under Heading 9954, Per Entry 23A Notification.</h1> The circular clarifies the applicability of GST on construction of roads where payments are received as annuities. It states that GST is exempt under heading 9967 for services related to access to roads or bridges paid via toll or annuity, but this exemption does not apply to road construction services under heading 9954. The GST Council determined that deferred payments for road construction, even if termed as annuities, are not exempt from GST as per entry 23A of notification No. 12/2017-Central Tax. Concerns regarding the implementation of this clarification should be reported to the Board.
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