For turnkey contracts under GOI schemes there are two types of works. Namely a) Supply of equipment and b) Erection. I want to know if there would be two GST slabs in the same contract.
The above is case 1. In certain states the above two factors are quoted and awarded together. How can one guess what to quote for future tenders and what will happen to the ongoing one. The conditions of contracts does not permit any compensation for change in taxes.
Menu
GST for EPC contracts
Replies (2)
I have the same query becz some tenders does not allow for any statutory variation. We are quoting tenders by loading GST impact which is increasing our cost
If it is a composite supply, it needs to be classified as per nature of principal supply as per Section 8(a) of the CGST Bill.
In some of the work contracts supply of goods is principal, i.e. composite supply of airconditioner with its installation. It shall be treated as supply of goods. There may be ceratin supplies where goods are not important, it is the installation/construction is paramount and principal- i.e. construction of a building.
I am sure in due course proper classification guidelines shall be issued.
Recent Topics :
- Investment fund's income from ncd distribution to
- Cialis 20 mg – General Information About Tad
- Comparative BS PL with Audit report
- Source of funds in IT returns
- Work from home job
- TDS ON ANY PURCHASE OF ANY GOODS - 393(1)
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
Related Topics :
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
