Ashoka Buildcon Ltd, one of India´s leading highway developers in the country, through its Power Division, has bagged rural electrification works worth Rs.950 crore in Bihar. The company has received Letters of Intent for the following projects from North and South Bihar Power Distribution Co. Ltd.
Tag: Ashoka Buildcon Ltd
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Project costs may increase owing to GST credit restrictions in many sectors
The Model GST Law specifically treats a ´works contract´ (including any transfer of property in goods in the execution of such contract) as a ´service´. However, determining the nature of a particular agreement, or a set of agreements, for a project (i.e., whether it qualifies as a works contract or not) would still be critical from the perspective of the place of supply, the taxable value, the applicable rate of tax and the compliances to be undertaken given the peculiar and varied nature of arrangements in the infrastructure sector, involving multiple scopes of work and multiple participants (consortium) for either a full project or for parts of a single project.
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Ashoka Buildcon, Bhartia Infra consortium bags road project
Ashoka Buildcon Ltd along with Bhartia Infra Projects Limited (consortium) had bid for the project viz. two laning of Pasighat - Mariyang - Yingkiang (NH 513) from Singer river to Sijon river section 19.880 km to 43.257 km (length 23.777 km) in Arunachal Pradesh under Arunachal Pradesh package of SARDP-NE on EPC basis issued by National Highways Infrastructure Development Corporation Limited (NHIDCL).