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ASSOCHAM says roads, railways should be exempted from GST @ 6/20/2017 1:13:54 PM
In view of the long gestation period and showing negative returns, industry body ASSOCHAM has suggested that infrastructure and transportation such as road and railway sectors should continue to be exempted under Goods and Services Tax (GST) regime. Further withdrawal of exemption on existing projects will have a negative impact on business revenues. Essentially in case of annuity based project NHAI collects Toll charges and share Toll income in form of annuity.
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