GST on Annuity Payments in Hybrid Annuity Projects & ITC Accumulation

Apco Arasavalli Expressway Private Limited Vs Assistant Commissioner St and Others (Andhra Pradesh High Court) The Honourable Andhra Pradesh High Court, in the recent case of Apco Arasavalli Expressway (P.) Ltd. vs. Assistant Commissioner, State Tax has addressed a significant issue regarding the time of supply for discharging GST liability in relation to annuity payments under the Hybrid Annuity Model (HAM). The case discussed that when GST should be levied on payments received by contractors involved in the construction and maintenance of National Highways. The tax authorities argued that GS...