Construction works contract services- 12% GST on annuity & early completion bonus

In re ULCCS Calicut City Infrastructure Development Private Ltd (GST AAR Kerala)

it is evident that the service rendered by the applicant as per the concession agreement is a continuous supply of works contract services and the annuity is in sum and substance is consideration for the works contract services rendered. Since the cost of construction is initially financed by the applicant the applicant is granted a concession to operate and maintain the roads for 15 years during which the entire consideration is paid to the app

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