Taxmann's GST on Works Contract & Other Construction/EPC Contracts - 11th Edition 2025

Edition: 11th Edition, 2025

Binding: Paperback

This thoroughly updated edition offers an in-depth and practical analysis of the GST implications on works contracts, construction services, and EPC (Engineering, Procurement, and Construction) contracts, reflecting the latest changes introduced by amendments up to 2025. It explains the complex treatment of such contracts under GST law, especially concerning valuation, place of supply, time of supply, input tax credit, reverse charge mechanism, and compliance requirements. Designed for professionals in the real estate, infrastructure, and construction sectors, as well as tax consultants and legal practitioners, this book serves as a complete reference for navigating GST complexities in high-value and multifaceted contractual arrangements.

Key Features:

• Comprehensive Coverage of GST on Works Contracts: The book provides a detailed explanation of how works contracts are treated under the GST regime, including definitions, taxability, and treatment of composite and mixed supply, specifically tailored for construction and infrastructure sectors.

• Special Focus on EPC and Turnkey Contracts: Includes separate chapters on EPC contracts and turnkey projects, elaborating on their tax implications, project structuring, and compliance, along with sector-specific challenges and legal considerations.

• Input Tax Credit (ITC) Mechanism Explained: Discusses the eligibility, apportionment, and restrictions related to availing ITC in construction and works contract services, supported with relevant judicial precedents and clarifications.

• Incorporates Latest Amendments up to 2025: Updated to reflect the provisions and interpretations brought by the latest Finance Act and GST Council decisions, ensuring accurate compliance in line with current laws.

• Valuation and Invoicing Procedures: Offers guidance on valuation rules, determining the value of taxable supply, invoicing norms, and documentation required for works contracts and construction services under GST.

• Judicial Pronouncements and Case Laws: Includes significant judgments and rulings by courts and authorities that have shaped the understanding and applicability of GST on works contracts.

• Sector-specific Practical Insights: Real-world examples and case studies have been included to demonstrate the practical challenges and solutions in applying GST laws to actual business scenarios.

• Reverse Charge Mechanism & Place of Supply: Detailed analysis of reverse charge provisions applicable to construction services, including works done for government entities, and rules governing place of supply.

• Procedural Guidance and Compliance: Step-by-step insights into registration, returns, payments, and record-keeping specific to works contracts, making this book a practical guide for smooth GST administration.

Why This Book is Essential:

• Tailored for Construction, Real Estate & Infrastructure: This edition is particularly beneficial for developers, contractors, subcontractors, and EPC service providers navigating GST compliance in their projects.

• A Must-Have for Tax Professionals and Legal Advisors: Tax consultants, chartered accountants, and lawyers advising clients in construction, EPC, or public infrastructure sectors will find this an indispensable legal and procedural reference.

• Enables Risk Mitigation and Correct GST Planning: Through detailed explanations and examples, the book helps avoid litigation and non-compliance by ensuring accurate application of GST laws on contractual obligations.

• Complete Legal and Procedural Resource: As a comprehensive and updated handbook, this book equips professionals with everything needed to interpret and implement GST laws in the context of works contracts, offering clarity and reducing compliance burden.