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Taxmann GST on Works Contract and Other Construction or EPC Contracts

Original price was: ₹995.Current price is: ₹796.

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Taxmann GST on Works Contract and Other Construction or EPC Contracts

This book covers a broad spectrum of aspects in the context of works contracts. It provides an understanding of the impact of GST as applicable to ‘works contracts’ vis-à-vis a wide range of construction and EPC/O&M contracts or concession agreements. This book serves as a comprehensive and practical guide for tax specialists and generalist legal advisors.

GST on Works Contract & Other Construction/EPC Contracts

Original price was: ₹995.Current price is: ₹796.

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    Taxmann GST on Works Contract and Other Construction or EPC Contracts Description

    This book covers a broad spectrum of aspects in the context of works contracts. It provides an understanding of the impact of GST as applicable to ‘works contracts’ vis-à-vis a wide range of construction and EPC/O&M contracts or concession agreements.

    This book serves as a comprehensive and practical guide for tax specialists and generalist legal advisors.

    The Present Publication is the 8th Edition, authored by Sudipta Bhattacharjee, Rishab Prasad & Abhishek Garg. This book is amended by the Finance Act 2022 and amended up to 25th April 2022. The key features of this book are as follows:

    • [34 Crisp, Easily Readable Chapters] each explaining the concepts with several case-studies
    • [Evolution of Concepts from the Pre-GST Era] have also been touched upon in the book to provide a comprehensive understanding
    • [Sector-wise Coverage] which includes the following:
      • Oil & Gas Sector
      • Real Estate Sector
      • Road/Highway Projects
      • Ports
      • Thermal and Solar Power Generation
      • Large Manufacturing Plants
      • Large Urban Water Supply Projects
    • [Analysis of Hot-button Issues] such as:
      • What can qualify as immovable property?
      • Input Tax Credit related aspects as applicable to ‘works contracts’
      • Impact on Advances/Security Deposits
      • ‘Free of Cost’ Supplies
      • Transitional Issues
      • Anti-profiteering
    • [Detailed Analysis] on the following topics:
      • Analysis on the applicability of GST on liquidated damages with detailed reference to the updated legal position in the European Union/United Kingdom
      • Practical Strategies vis-à-vis structuring various types of construction/EPC contracts
      • Best practices for tax controversy management under GST

    The detailed contents of the book are as follows:

    • Introduction to the scheme of GST
    • Evolution of ‘Works Contract’ Pre-GST
    • Definition of ‘Works Contract’ under GST
    • Case Studies: Applying the understanding of ‘Works Contract’
    • ‘Works Contract’ must pertain to ‘Immovable Property’ – What is ‘Immovable Property’
    • For a contract to qualify as a ‘Works Contract’, it must involve ‘Transfer of Property in Goods’ – What is ‘Transfer of Property in Goods’
    • ‘Composite’ and ‘Mixed Supply’ – Relevance under ‘Works Contract’
    • The interplay between composite supply, mixed supply and works contract
    • Classification of services under GST and ‘Works Contract’
    • Input Tax Credit for ‘Works Contract’
    • Case Studies to practically understand whether a contract would qualify as a ‘Works Contract’
    • Comparison with Pre-GST regime – What constituted ‘Works Contract’ then, do they still qualify as ‘Works Contract’?
    • Registration for Works Contractor under GST
    • Time of supply and issuance of invoice (Point of Taxation)
    • Impact of GST on advances/security deposits, etc.
    • Valuation and ‘Free of Cost’ supplies by the customer
    • Place of supply
    • Liquidated damages under works contract & GST implications
    • GST Rates as applicable on various types of works contracts
    • Summarizing the key differences in ‘Works Contract’ in the Pre and Post GST era
    • Transition provision under GST for Works Contract
    • Tax Deduction at Source (‘TDS’)
    • Works Contract and implications in Oil & Gas Sectors
    • Works Contract and implications in Real Estate
    • Works Contract and implications for Roads/Highways
    • Works Contracts and implications on Ports
    • Works Contracts and implications on Thermal Power Generation
    • Works Contract and implications on Solar Power Generation
    • Works Contract and implications on Large Manufacturing Plants
    • Works Contract implications on Large Water Supply Projects
    • GST and anti-profiteering
    • Practical strategies vis-à-vis structuring of various types of works contract under GST
    • What happens to the ‘No-Income Tax’ position for offshore supplies under a single EPC contract post GST?
    • Best practices for tax controversy management under GST

    Taxmann GST on Works Contract and Other Construction or EPC Contracts

    Publisher

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    Authors

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    Date of Publication