Description
Taxmann Publications Gst On Works Contract & Other Construction Epc Contracts 7Th Edition by Sudipta Bhattacharjee and Rishabh Prasad and Abhishek Garg
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:
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
About the author
Sudipta Bhattacharjee
Sudipta Bhattacharjee: Sudipta is a Partner at a reputed law firm based out of Delhi and has more than 12 years of experience in providing strategic tax and
allied commercial-legal advisory services to clients in diverse sectors and in structuring, drafting, reviewing, and negotiation of various contracts. He is a lawyer by qualification, and has graduated from the prestigious National University of Juridical Sciences, Kolkata. Sudipta specializes in all pre-GST Indian indirect taxes including Customs, Excise, Service Tax as well as GST and contract documentation related services. He has been involved in providing strategic advice on the GST transition and implementation in India to businessesacross sectors and has undertaken several training sessions educating clients
and general public about the impact of GST on their key business processes.
Sudipta has also led VAT impact assessments for business conglomerates in Kuwait relating to the proposed VAT introduction in middle-east (Gulf Cooperation Council countries).
Sudipta has written extensively on GST and other tax issues in newspapers like Business Standard, Economic Times and tax portals like VAT infoline and Taxsutra. Sudipta has been recognised by the International Tax Review (“ITR”) as one of the top “Indirect Tax Leaders” for 2017-18 for India.
Rishabh Prasad
Rishabh is a tax lawyer working in one of the premiere tax law firms in the country. He graduated from the prestigious National University of Juridical Sciences, Kolkata in 2015 and has worked extensively in all areas of indirect tax including GST, Service Tax, Customs, FTP and International Trade Laws. Rishabh has also been deeply involved with the GST transition in India and has regularly been advising various corporate houses on strategic as well as typical day to day GST issues including transaction structuring. Further, Rishabh has been a part of various transnational assignments for business conglomerates in relation to the impending transition to VAT regime in the middle-east (Gulf Co-operation Council countries)
Abhishek Garg
Abhishek is a practicing tax lawyer and holds dual professional qualifications of a Chartered Accountant and an Advocate. He is a Commerce Graduate from the prestigious Shri Ram College of Commerce and has done his Law from Campus Law Center, Faculty of Law, Delhi. He is an Associate Member of Institute of Chartered Accountants of India. He has experience of handling Direct and Indirect Tax Litigation across all judicial and quasi-judicial fora. He has briefed and appeared with renowned Tax Lawyer Mr. V. Lakshmi kumaran in several high-stake tax matters in the Supreme Court of India (listed before the Special Bench constituted for tax matters in 2015). In the past one year, he has been actively involved in advising and training various MNCs and large Indian companies in implementation and transitioning towards GST Regime. At present, he is retained with a reputed Law firm in Delhi.