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Still a work in progress

Still a work in progress

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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Clearing the Tax Clutter

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.

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Project costs may increase owing to GST credit restrictions in many sectors

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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De-fragmenting the sector

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,

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No mining should be allowed for trading

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.

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