Annuity tax dispute: When does GST liability arise for road maintenance? Court favors tax payment timeline in CBIC circular.
Case-Laws
GST
GST levy on annuity received by petitioner – dispute on timing of liability. Authorities viewed liability arising from concession period commencement date, considering annuity for road maintenance. Petitioner disagreed. CBIC circular clarified tax payable on invoice issuance or annuity receipt, whichever earlier. HC set aside orders, directing author
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