GST on road construction: NHAI details four scenarios where considerations are received as annuity

Rate of GST here is 12 per cent To implement GST in road constructions where payment by the government is made in parts, i.e., annuity, the National Highway Authority of India (NHAI) has come out with a circular defining various scenarios. The GST Council, in its meeting on May 28, recommended no exemption from GST on the annuity (deferred payments) paid for construction of road. Rate of GST here…