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of <h1>GST Exemption Clarified: Road Construction Services Not Exempt, Even with Annuity Payments, Effective June 17, 2021.</h1> The circular clarifies the applicability of GST on road construction activities where payments are received in deferred installments, known as annuities. The GST Council, in its 43rd meeting, determined that GST exemption under entry 23A of notification No. 12/2017-ST(R) applies only to services under heading 9967, which includes access to roads or bridges on payment of toll or annuity. However, road construction services fall under heading 9954 and are not exempt from GST, even if payments are made as annuities. This clarification is effective from June 17, 2021.
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