Taxmanns GST on Works Contract & Other Construction/EPC Contracts [Finance Act 2025] Comprehensive Treatise Providing Sector

This comprehensive treatise offers a complete analysis of the implications of the Goods and Services Tax (GST) on works contracts and construction and EPC (Engineering, Procurement & Construction) contracts. The book simplifies the intricacies of GST law, providing sectorspecific insights for areas such as oil & gas, real estate, manufacturing, thermal power, roads, ports, and water supply projects. Incorporating a wealth of case studies, practical examples, and landmark judgments simplifies the complexities surrounding liquidated damages, security deposits/advances, antiprofiteering, valuation, etc. It also discusses litigation strategies, helping professionals anticipate and manage potential disputes.This book is intended for the following audience: Tax Practitioners & Consultants For expert guidance on GSTrelated nuances of works contracts Lawyers & Legal Professionals For indepth legal analysis and recent judicial precedents concerning contract disputes under GST Builders, EPC Contractors & Real Estate Developers For clarity on complex compliance requirements, input tax credit mechanisms, and taxsaving strategies Finance & Accounting Professionals For insights into time of supply, invoice issuance, and valuation in works contracts Corporate & Project Managers For a practical understanding of GST in ongoing and upcoming infrastructure, construction, and EPC projectsThe Present Publication is the 11th Edition | 2025 and has been amended by the Finance Act 2025. It is authored by Sudipta Bhattacharjee, Rishabh Prasad & Abhishek Garg, with the following noteworthy features: [Finance Act 2025 Amendments] Incorporates and clarifies the latest changes introduced by the Finance Act 2025, ensuring readers have uptodate information on GST laws [Comprehensive Coverage & Comparative Insights] Detailed exploration of the definition, scope, and classification of works contracts under GST with references to preGST regimes and international VAT/GST practices [Latest Case Laws & Landmark Judgments] Features analysis of crucial judgments, including those on Safari Retreats, Bharti Airtel, and European case references. It also discusses HMRC advisories and their relevance to the Indian context [Sectorwise Chapters] Detailed coverage of GST implications in Oil & Gas, Real Estate, Roads, Ports, Thermal Power, Water Supply, and Manufacturing projects [Deep Dive into Disputes & Litigation Tips] Explores key contractual disputes, antiprofiteering issues, liquidated damages, security deposits, and free of cost supplies under GST. It also provides guidance on legal arguments for handling controversies [Practical Case Studies & Examples] Contains numerous scenarios illustrating how to classify a contract, optimise tax credits, and manage compliance obligations [Userfriendly Approach] Features stepbystep explanations, flowcharts, and checklists, making the GST ecosystem accessible even to nontax professionalsThe coverage of the book is as follows: Fundamentals of GST & Its Applicabilityo Introduction to the scheme and evolution of works contracts pre and postGST Core Definitions & Conceptso Detailed understanding of the term works contract and what constitutes immovable property and transfer of property in goods Composite & Mixed Supplieso Guidance on differentiating composite contracts from mixed supplies, ensuring correct classification under GST. Time of Supply, Valuation & Input Tax Credito Points of taxation, procedures for invoicing, and treatment of advances/security depositso Valuation principles, including provisions around free of cost supplies and liquidated damages Place of Supply & TDS Provisionso Comprehensive coverage of place of supply rules, vital for crossborder/ interstate works contractso Explanation of TDS mechanisms under GST for works contracts SectorSpecific Analysiso Separate chapters focusing on real estate, roads, thermal power, ports, oil & gas, large manufacturing plants, and solar power projects AntiProfiteering & Dispute Managemento Commentary on antiprofiteering measures and strategies to handle investigations and litigationso Practical strategies for tax controversy management, including best practices on drafting and structuring works contracts Transitions & Comparisonso Special discussion on the transition from preGST to GST regime and practical tips to handle legacy contract disputeso Comparative insights with MiddleEast VAT regimes to help multinational businessesThe structure of the book is as follows: Introductory Chapters Set the stage with an overview of GST, including historical context, the evolution of works contract laws, and the significance of the Finance Act 2025 Definitional & Conceptual Chapters Focus on core definitions like immovable property, transfer of property, and composite vs. mixed supply Applicability & Compliance Chapters dedicated to registration, invoicing, time of supply, valuation, place of supply rule