Economic TimesLean R·
GST reforms: No tax on toll collection
In a move expected to settle tax ambiguity around highway monetisation and provide greater certainty to infrastructure projects, the GST Council on Thursday clarified that concessionaires collecting toll tax will have no tax exposure as the toll paid by users is exempt.The exemption will apply to both types of contracts, whether the concessionaire pays upfront or over time, and the two types of contracts will be treated alike, it said."If the toll itself bears no tax, the right to collect the t…
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