Taxmann’s GST on Works Contract & Other Construction/EPC Contracts by Sudipta Bhattacharjee – 7th Edition March 2021

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 7^th Edition, and law stated in this book is amended up to 24-2-2021. The key features of this book are as follows:

• Summary of key differences in Works Contract pre & post GST era
• Relevant provisions on Works Contract under GST
• Key Concepts & latest Case Laws on GST Works Contract
• Several practical case studies & their implications on various sectors such as:
  • Oil & Gas Sector
  • Real Estate Sector
  • Road/Highway Projects
  • Ports
  • Thermal Power Generation
  • Large Manufacturing Plants
  • Large Water Supply Projects
• Practical Strategies vis-a-vis Structuring of various types of Works Contract under GST
• Best Practices for Tax Controversy Management under GST
• The 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 ‘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’
  • 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 ‘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 ‘No-Income Tax’ position for offshore supplies under a single EPC contract, post GST?
  • Best practices for tax controversy management under GST