Relief for Road Contractors; NHAI to pay GST on Annuity under HAM Model

Relief for Road Contractors; NHAI to pay GST on Annuity under HAM Model

The Govt. issued a clarification on applicability of GST on road construction under HAM Model that NHAI would reimburse/ pay GST on Annuity payment for the projects where bid due date is before 16-06-2021. Whereas after 16-06-2021, GST would be payable by contractors on Annuity and interest amount & TDS under GST would also be applicable.

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