Hybrid Annuity Mode: Unified Contracts for Highway Construction, Maintenance, and Continuous Service Payments.
Circulars
GST – States
Under Hybrid Annuity Mode (HAM) for National Highway Projects, concessionaire constructs new road and provides Operation & Maintenance over 15-17 years with payment staggered over years. HAM contract is single contract for construction and O&M, cannot be split into separate contracts. Payment is continuous supply of services u/s 2(33). Time of supply is d
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