https://www.taxtmi.com/caselaws?id=420326 The AAR Telangana ruled that GST is applicable on the entire Equated Yearly Installment payments (including both principal and interest components) made by the local authority to contractors under the Annuities Model. The Authority determined that interest on delayed payments constitutes part of the consideration for supply under Section 15(2)(d) of CGST Act, making it taxable. The exemption under Entry No. 3 of Notification 12/2017-Central Tax (Rate) was found inapplicable as interest is not treated as a separate service but forms part of the overall consideration subject to GST under the existing valuation rules. en-us Tue, 29 Mar 2022 00:00:00 +0530 Tue, 01 Apr 2025 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420326 The AAR Telangana ruled that GST is applicable on the entire Equated Yearly Installment payments (including both principal and interest components) made by the local authority to contractors under the Annuities Model. The Authority determined that interest on delayed payments constitutes part of the consideration for supply under Section 15(2)(d) of CGST Act, making it taxable. The exemption under Entry No. 3 of Notification 12/2017-Central Tax (Rate) was found inapplicable as interest is not treated as a separate service but forms part of the overall consideration subject to GST under the existing valuation rules. Case-Laws GST Tue, 29 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420326