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GST at 12% Applies to Annuity and Bonus for Works Contract Services Under SAC 995421 Concession Agreement.

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....The services rendered by the applicant as per the concession agreement are classifiable as works contract services falling under SAC 995421 and the annuity received by the applicant including the bonus for early completion of construction is the consideration for the works contract services rendered and the applicant is liable to pay GST at the rate of 12% on the annuity including bonus - AAR....

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GST at 12% Applies to Annuity and Bonus for Works Contract Services Under SAC 995421 Concession Agreement.