CBIC Clarifies Time of supply in construction of road and maintenance of NH Projects of NHAI

CBIC has clarified the time of supply for construction and maintenance projects of NHAI, stating that the date of completion certificate issuance marks the service completion. This ruling affects taxation under GST for such contracts, aligning with GST rules' intent to streamline tax implications in infrastructure development. This clarification aims to resolve ambiguity and ensure consistent tax treatment across National Highway Authority projects, impacting contractors and developers involved in national road construction and maintenance.