Annuity received by concessionaries towards construction of roads is exempt from GST

DPJ Bidar – Chincholi (Annuity) Road Project Private Limited Vs Union of India (Karnataka High Court) Held that circular no. 150/06/2021-GST dated 17.06.2021 clarifying that GST exemption is not available to annuity (deferred payments) received by the concessionaries towards construction of roads is contrary to notification no. 32/2017 and notification no. 33/2017 dated 13.10.2017. Facts- The case of the petitioners is that the annuity (deferred payments) paid for construction of roads is exempt from GST as per notification nos. 32 and 33/2017 dated 13.10.2017 and the clarification issu...