The GST regime will facilitate ease of doing business, but the government has to ensure that there is no adversarial impact on the infrastructure sector during the rollout, says PRATIK JAIN.
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Modi Inaugurates ₹18.7 Billion Aunta-Simaria Ganga Bridge to Link North and South Bihar
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IHCL to redevelop historic Chotelal Ki Ghat in Kolkata under heritage-led riverfront initiative
India’s Airline Profitability to Dip Amid Airspace Disruptions and Safety Concerns: Crisil Ratings
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Tag: VAT
Clearing the Tax Clutter
India has a unique indirect tax landscape for the infrastructure sector. While the sector enjoys a plethora of concessions and exemptions, the very nature of the contracting structure is troubled with a large amount of complexities, more so on the EPC contracting side.
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.
Enthusiasm from state government is lacking
From one-stop clearance to building the right infrastructure, the Indian cold chain industry needs a big push, feels Aditya G Bafna, Executive Director, Shree Shubham Logistics Limited.
India requires a well-defined logistics structure
A well-defined structure will help logistics service providers to anticipate all major challenges they may face during transport and will enable them to plan their activities accordingly, says Umesh Shetty, Executive Director, Allcargo Logistics.
Centre wants fiscal measures from States for airport infra
The Union government has advised the States to take certain financial measures like slashing VAT on jet fuel up-¡lifted by airlines and underwriting of some seats to encourage aviation growth.
De-fragmenting the sector
The continually increased budget expenditure on the logistics sector, only 1 per cent of which is in the organised sector, has not borne fruit in cost reduction, so it’s time to recognise efficiency as the new theme to work towards,
No mining should be allowed for trading
The unstoppable and straight-speaking Karnataka Lokayukta (now retired) has done his bit for the sustenance of the legitimate mining industry. While exposing the biggest mining scam to date, his observations on mining policy and practice should perhaps be heard and considered carefully.
We expect to provide an urban infra roadmap within six weeks
In March, a High Powered Expert Committee chaired by Dr Isher Judge Ahluwalia, Chairperson, Indian Council for Research on International Economic Relations, submitted a report on Indian Urban Infrastructure and Services.
Trim VAT on diesel says dpda
The Delhi Petrol Dealers Association (DPDA) has requested the state to reduce Value Added Tax (VAT) on diesel to nine per cent from 12.5 per cent.
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