https://www.taxtmi.com/caselaws?id=429300 The AAR-Kerala ruled that bi-annual annuity payments received under a road construction and maintenance concession agreement constitute consideration for works contract services under GST law. The applicant, who designed, constructed, operated and maintained roads for 15 years before transferring to government, was held liable to pay 12% GST on annuity payments including early completion bonus. The services were classified as works contract services under SAC 995421, with GST payable on each annuity payment date as per Section 39 of CGST Act, 2017. en-us Tue, 21 Jun 2022 00:00:00 +0530 Thu, 10 Apr 2025 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429300 The AAR-Kerala ruled that bi-annual annuity payments received under a road construction and maintenance concession agreement constitute consideration for works contract services under GST law. The applicant, who designed, constructed, operated and maintained roads for 15 years before transferring to government, was held liable to pay 12% GST on annuity payments including early completion bonus. The services were classified as works contract services under SAC 995421, with GST payable on each annuity payment date as per Section 39 of CGST Act, 2017. Case-Laws GST Tue, 21 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429300