https://www.taxtmi.com/circulars?id=70994 Entry 23A exempts annuity consideration only for access to a road or bridge under heading 9967. Road construction is classified separately under heading 9954, including construction of highways, streets, roads, bridges and tunnels. Where road-construction consideration is partly paid upfront and partly through deferred annual instalments called annuities, the payment structure does not change the nature of the service. Consequently, deferred annuity payments for road construction do not qualify for the exemption applicable to road-access annuities. en-us Wed, 09 Mar 2022 00:00:00 +0530 Wed, 26 Aug 2026 17:57:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70994 Entry 23A exempts annuity consideration only for access to a road or bridge under heading 9967. Road construction is classified separately under heading 9954, including construction of highways, streets, roads, bridges and tunnels. Where road-construction consideration is partly paid upfront and partly through deferred annual instalments called annuities, the payment structure does not change the nature of the service. Consequently, deferred annuity payments for road construction do not qualify for the exemption applicable to road-access annuities. Circulars GST - States Wed, 09 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70994