Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
The turnkey contract entered by the applicant with PGVCL is a works contract as defined u/s 2(119), involving a composite supply for installation, testing, and commissioning of 11 KV medium voltage covered conductor (MVCC) with accessories. The contract is not divisible, despite constituting two interconnected and interdependent parts. GST is payable on the advance received by the applicant for the turnkey contract, as per Section 12(2)(a) of the CGST Act, 2017. The benefit of Notification No. 66/2017-CT is not applicable to this turnkey contract, which is treated as a supply of service under Schedule II.
The turnkey contract entered by the applicant with PGVCL is a works contract as defined u/s 2(119), involving a composite supply for installation, testing, and commissioning of 11 KV medium voltage covered conductor (MVCC) with accessories. The contract is not divisible, despite constituting two interconnected and interdependent parts. GST is payable on the advance received by the applicant for the turnkey contract, as per Section 12(2)(a) of the CGST Act, 2017. The benefit of Notification No. 66/2017-CT is not applicable to this turnkey contract, which is treated as a supply of service under Schedule II.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4807
Join Channel
TaxTMI 
