https://www.taxtmi.com/caselaws?id=772797 AAR Maharashtra ruled that interest receivable on deferred payment in Equated Yearly Installments under Annuity Model is liable for GST payment. The interest component in installments paid by NHAI to concessionaire must be included in taxable value under section 15(2)(d) of CGST Act. The service classification and GST rate for such interest remains the same as the original taxable supply of road construction and maintenance services, following CBIC Circular No. 221/15/2024-GST dated 26-06-2024. en-us Mon, 28 Apr 2025 00:00:00 +0530 Fri, 13 Jun 2025 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772797 AAR Maharashtra ruled that interest receivable on deferred payment in Equated Yearly Installments under Annuity Model is liable for GST payment. The interest component in installments paid by NHAI to concessionaire must be included in taxable value under section 15(2)(d) of CGST Act. The service classification and GST rate for such interest remains the same as the original taxable supply of road construction and maintenance services, following CBIC Circular No. 221/15/2024-GST dated 26-06-2024. Case-Laws GST Mon, 28 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772797