https://www.taxtmi.com/circulars?id=71702 A HAM concession arrangement for highway construction and operation and maintenance is treated holistically as a continuous supply of services and cannot be split according to staggered payment terms. For payments due on specified dates or completion of events, time of supply is the earlier of invoice issuance and payment receipt where the invoice is timely issued. If not timely issued, it is the earlier of service provision, treated as the contractual payment due date for continuous supplies, and payment receipt. Interest included in annuity instalments forms part of taxable value. en-us Tue, 14 Oct 2025 00:00:00 +0530 Fri, 23 Oct 2026 13:35:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71702 A HAM concession arrangement for highway construction and operation and maintenance is treated holistically as a continuous supply of services and cannot be split according to staggered payment terms. For payments due on specified dates or completion of events, time of supply is the earlier of invoice issuance and payment receipt where the invoice is timely issued. If not timely issued, it is the earlier of service provision, treated as the contractual payment due date for continuous supplies, and payment receipt. Interest included in annuity instalments forms part of taxable value. Circulars GST - States Tue, 14 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71702