https://www.taxtmi.com/circulars?id=69976 Time of supply under Hybrid Annuity Mode highway contracts is determined by treating construction and operation and maintenance as a single continuous supply of services. The contract cannot be split into separate construction and maintenance supplies based on staggered payments. If invoices are issued on or before the contractual due date or event completion date, the time of supply is the date of invoice or receipt of payment, whichever is earlier; otherwise, it is the date of provision of service or receipt of payment, whichever is earlier. Any interest component in the annuity is included in taxable value. en-us Mon, 08 Jul 2024 00:00:00 +0530 Wed, 27 May 2026 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69976 Time of supply under Hybrid Annuity Mode highway contracts is determined by treating construction and operation and maintenance as a single continuous supply of services. The contract cannot be split into separate construction and maintenance supplies based on staggered payments. If invoices are issued on or before the contractual due date or event completion date, the time of supply is the date of invoice or receipt of payment, whichever is earlier; otherwise, it is the date of provision of service or receipt of payment, whichever is earlier. Any interest component in the annuity is included in taxable value. Circulars GST - States Mon, 08 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69976