Taxmann's GST on Works Contract & Other Construction/EPC Contracts | Along-with Practical Case Studies & their Implications on Various Sectors | Amended up to 24-02-2021 | 7th Edition | 2021  (Paperback, Sudipta Bhattacharjee, Abhishek Garg, Rishabh Prasad)

This book provides a comprehensive coverage on GST implications on Works Contract and other construction/EPC contracts. The Present Publication, authored by Sudipta Bhattacharjee, Rishab Prasad & Abhishek Garg, is the 7th Edition, and law stated in this book is amended up to 24-2-2021. The key features of this book are as follows: (a) Summary of key differences in Works Contract pre & post GST era (b) Relevant provisions on Works Contract under GST (c) Key Concepts & latest Case Laws on GST Works Contract (d) Several practical case studies & their implications on various sectors such as: (i) Oil & Gas Sector (ii) Real Estate Sector (iii) Road/Highway Projects (iv) Ports (v) Thermal Power Generation (vi) Large Manufacturing Plants (vii) Large Water Supply Projects (e) Practical Strategies vis-a-vis Structuring of various types of Works Contract under GST (f) Best Practices for Tax Controversy Management under GST (g) The contents of the book are as follows: (1) Introduction to the scheme of GST (2) Evolution of ‘Works Contract’ Pre-GST (3) Definition of ‘Works Contract’ under GST (4) Case Studies: Applying the understanding of ‘Works Contract’ (5) ‘Works Contract’ must pertain to ‘Immovable Property’ – What is ‘Immovable Property’ (6) For a contract to qualify as ‘Works Contract’, it must involve ‘Transfer of Property in Goods’ – What is ‘Transfer of Property in Goods’ (7) ‘Composite’ and ‘Mixed Supply’ – Relevance under ‘Works Contract’ (8) Interplay between composite supply, mixed supply and works contract (9) Classification of services under GST and ‘Works Contract’ (10) Input Tax Credit for ‘Works Contract’ (11) Case Studies to practically understand whether a contract would qualify as ‘Works Contract’ (12) Comparison with Pre-GST regime – What constituted ‘Works Contract’ then, do they still qualify as ‘Works Contract’? (13) Registration for Works Contractor under GST (14) Time of supply and issuance of invoice (Point of Taxation) (15) Impact of GST on advances/security deposits, etc. (16) Valuation and ‘Free of Cost’ supplies by the customer (17) Place of supply (18) Liquidated damages under works contract & GST implications (19) GST Rates as applicable on various types of works contracts (20) Summarizing the key differences in ‘Works Contract’ in the Pre and Post GST era (21) Transition provision under GST for Works Contract (22) Tax Deduction at Source (‘TDS’) (23) Works Contract and implications in Oil & Gas Sectors (24) Works Contract and implications in Real Estate (25) Works Contract and implications for Roads/Highways (26) Works Contracts and implications on Ports (27) Works Contracts and implications on Thermal Power Generation (28) Works Contract and implications on Solar Power Generation (29) Works Contract and implications on Large Manufacturing Plants (30) Works Contract implications on Large Water Supply Projects (31) GST and anti-profiteering (32) Practical strategies vis-à-vis structuring of various types of works contract under GST (33) What happens to ‘No-Income Tax’ position for offshore supplies under a single EPC contract, post GST? (34) Best practices for tax controversy management under GST