https://www.taxtmi.com/article/detailed?id=7019 Under the GST regime works contracts will be treated as a supply of service and input credit on inputs and capital goods will be broadly available, provided purchases are from registered suppliers; this reduces embedded costs and classification disputes but raises registration, matching-based credit controls, reverse charge exposure, valuation inclusion for free supplies, potential taxation of stock transfers, and increased compliance and working capital requirements for builders. en-us Tue, 04 Oct 2016 10:14:27 +0530 Tue, 18 Oct 2016 13:09:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7019 Under the GST regime works contracts will be treated as a supply of service and input credit on inputs and capital goods will be broadly available, provided purchases are from registered suppliers; this reduces embedded costs and classification disputes but raises registration, matching-based credit controls, reverse charge exposure, valuation inclusion for free supplies, potential taxation of stock transfers, and increased compliance and working capital requirements for builders. Articles Goods and Services Tax - GST Tue, 04 Oct 2016 10:14:27 +0530 https://www.taxtmi.com/article/detailed?id=7019