ULCCS Calicut City Infrastructure Development Private Ltd ., In re
Date: June 21, 2022
Subject Matter
GST leviable on annuity amount and bonus received i.r.o construction and maintenance of road projects (Works Contract)
Summary
1. Whether the annuity amount received is exempted or not as it contains both construction and maintenance parts (which are inseparable) as per entry No. 23A of the Notification No. 12/2017 Central Tax (Rate) dated 28.06.2017 ? Ruling: The annu…
1. M/s. ULCCS Calicut City infrastructure Development Private Ltd (hereinafter referred to as the applicant) was formed and registered for the execution of the work of Design, Engineering, Finance, Procurement, Construction, Operation and maintenance of roads under Phase II (A) of Kozhikode City Road Improvement Project [KCRIP] on Design, Finance, Operate, Maintain and Transfer [DBFOT- Annui…