Clarification regarding applicability of GST on the activity of construction of road where considerations are received in deferred payment (annuity)

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....ATE, NEW DELHI -110002 No. F.3 (379)/Policy/GST/2021/610-616 Dated : 16/07/2021 CIRCULAR NO. 02/2021-GST (Ref. Circular No. 150/06/2021-GST of Central Tax) Sub-Clarification regarding applicability of GST on the activity of construction of road where considerations are received in deferred payment (annuity)-reg. Certain representations have been received requesting for a clarific....

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....d notification exempts "service by way of access to a road or a bridge on payment of toll". Together the entries 23 and 23A exempt access to road or bridge, whether the consideration are in the form of toll or annuity [heading 9967]. 2.2 Services by way of construction of road fall under heading 9954. This heading inter alia covers general construction services of highways, streets, roads railw....