GST Implications: High Seas Sale Goods Value Must Be Included in Works Contract Under Section 15 CGST

GST Implications: High Seas Sale Goods Value Must Be Included in Works Contract Under Section 15 CGSTCase-LawsGSTThe AAR ruled on GST implications in an EPC contract between the applicant and IOCL. The contract was determined to be a single, composite wor

GST Implications: High Seas Sale Goods Value Must Be Included in Works Contract Under Section 15 CGST
Case-Laws
GST
The AAR ruled on GST implications in an EPC contract between the applicant and IOCL. The contract was determined to be a single, composite works contract rather than a divisible one, despite comprising two work orders. The high seas sale (HSS) transaction was deemed neither a supply of goods nor services under Schedule III of CGST Act. However, the value of imported goods

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