https://www.taxtmi.com/article/detailed?id=6587 GST will change tax incidence across sectors; for real estate the article advocates bringing commercial property, construction and works contracts within GST with allowance of Cenvat credit while acknowledging stamp duty may remain outside and should be restructured. For railways it proposes treating fuel as an input eligible for credit, exempting captive consumption of rolling stock, defining certain equipment as Capital Goods, exempting PPP/JV projects, treating long term leases as asset transfers, and excluding sanitation services and reverse charge/TDS for Indian Railways. For banking and financial services it suggests interest remain outside GST and Cenvat credit be allowed to avoid cascading and classification disputes. en-us Thu, 17 Dec 2015 23:54:47 +0530 Thu, 17 Dec 2015 23:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6587 GST will change tax incidence across sectors; for real estate the article advocates bringing commercial property, construction and works contracts within GST with allowance of Cenvat credit while acknowledging stamp duty may remain outside and should be restructured. For railways it proposes treating fuel as an input eligible for credit, exempting captive consumption of rolling stock, defining certain equipment as Capital Goods, exempting PPP/JV projects, treating long term leases as asset transfers, and excluding sanitation services and reverse charge/TDS for Indian Railways. For banking and financial services it suggests interest remain outside GST and Cenvat credit be allowed to avoid cascading and classification disputes. Articles Goods and Services Tax - GST Thu, 17 Dec 2015 23:54:47 +0530 https://www.taxtmi.com/article/detailed?id=6587