AAR : Solar Power Plant involves element of 'permanency'; EPC agreement taxable as "works contract"

Maharashtra AAR holds that turnkey Engineering, Procurement and Construction contract for setting up of solar power plant, would constitute a “works contract” in terms of Section 2(119) of CGST / MGST Act; Rejects applicant’s stand that such transaction should be treated as “composite supply” u/s 2(30) of CGST Act, inasmuch as supply of Solar Power Plant does not result into transfer of an “immovable property”; To understand the meaning of the term “immovable ...