https://www.taxtmi.com/caselaws?id=765513 AAR Gujarat ruled that the contract between the applicant and IOCL constitutes a single composite works contract rather than a divisible contract, despite involving two interconnected work orders. The imported goods supplied on high seas sale basis will form part of the transaction value for GST computation on works contract services. The authority determined that goods sold on HSS basis must be included in the transaction value under section 15 of CGST Act, 2017, as the applicant remains contractually liable to supply both goods and services. The composite works contract is treated as supply of service under Schedule II, with the value of imported goods incorporated into the overall transaction value for GST purposes. en-us Wed, 29 Jan 2025 00:00:00 +0530 Wed, 04 Jun 2025 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765513 AAR Gujarat ruled that the contract between the applicant and IOCL constitutes a single composite works contract rather than a divisible contract, despite involving two interconnected work orders. The imported goods supplied on high seas sale basis will form part of the transaction value for GST computation on works contract services. The authority determined that goods sold on HSS basis must be included in the transaction value under section 15 of CGST Act, 2017, as the applicant remains contractually liable to supply both goods and services. The composite works contract is treated as supply of service under Schedule II, with the value of imported goods incorporated into the overall transaction value for GST purposes. Case-Laws GST Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765513