https://www.taxtmi.com/article/detailed?id=7303 The Revised Model GST Law narrows the works contract definition by omitting movable property and defines works contract as involving transfer of property in goods, while separately including immovable property. This creates uncertainty whether repair and maintenance of movable items fall within works contracts or must be treated under the composite supply framework, where tax depends on identifying the principal supply. The distinction affects whether the entire contract is treated as a service under Schedule II or subject to composite-supply valuation, raising compliance and litigation risks. en-us Sat, 04 Mar 2017 13:39:31 +0530 Sat, 04 Mar 2017 13:39:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7303 The Revised Model GST Law narrows the works contract definition by omitting movable property and defines works contract as involving transfer of property in goods, while separately including immovable property. This creates uncertainty whether repair and maintenance of movable items fall within works contracts or must be treated under the composite supply framework, where tax depends on identifying the principal supply. The distinction affects whether the entire contract is treated as a service under Schedule II or subject to composite-supply valuation, raising compliance and litigation risks. Articles Goods and Services Tax - GST Sat, 04 Mar 2017 13:39:31 +0530 https://www.taxtmi.com/article/detailed?id=7303