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What is Excess Annuity Payment of ₹34.01 Crore about?
The audit report identifies an excess payment of Rs. 34.01 crore made by the National Highways Authority of India (NHAI) towards annuity in Hybrid Annuity Model (HAM) projects due to misinterpretation of GST regulations. It highlights that the inclusion of GST in the Bid Project Cost (BPC) was not properly accounted for in annuity calculations, resulting in an overall excess payment of Rs. 86.95 crore. The report calls for a response from NHAI management regarding these findings.
- Author
- Brindavn Bania
- Language
- EN