https://www.taxtmi.com/circulars?id=71436 Hybrid Annuity Model highway concession contracts for construction and operation-and-maintenance are treated as a single continuous supply of services. Where instalments are due on specified dates or contractual events, invoices must be issued by the relevant date. If timely issued, time of supply is the earlier of the invoice date and payment-receipt date. If not timely issued, it is the earlier of the service-provision date, regarded for continuous supply as the contractual payment due date, and payment receipt. Interest included in annuity or instalment payments forms part of taxable value. en-us Fri, 12 Jul 2024 00:00:00 +0530 Wed, 23 Sep 2026 18:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71436 Hybrid Annuity Model highway concession contracts for construction and operation-and-maintenance are treated as a single continuous supply of services. Where instalments are due on specified dates or contractual events, invoices must be issued by the relevant date. If timely issued, time of supply is the earlier of the invoice date and payment-receipt date. If not timely issued, it is the earlier of the service-provision date, regarded for continuous supply as the contractual payment due date, and payment receipt. Interest included in annuity or instalment payments forms part of taxable value. Circulars GST - States Fri, 12 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71436