AAR : Road construction on DBOT basis and annuity received for O&M, taxable, entire ITC exigible

Rajasthan AAR holds that activity of construction of roads and bridges for Public Works Dept. of Rajasthan on design, build, operate and transfer (DBOT) basis is a 'composite supply' as defined u/s 2(30) of the CGST Act, 2017; Since these supplies are in relation to immovable property construction, same qualifies as ‘works contract service’ as defined u/s 2(119) and, applicant is liable to GST on full project value during construction period of 2 years at the time of issu...