AAR : Denies concessional rate on composite ‘work’ executed under various Govt. schemes for ‘business purpose’

Madhya Pradesh AAR holds that applicant, covered under definition of ‘Government Entity’ is not entitled to concessional rate benefit of 12% for “works contract” carried out under various Govt. schemes for business purpose; Observes that the applicant is wholly owned subsidiary of M.P. Power Management Co. Ltd. carrying out function of distribution of electricity as entrusted by Govt. of MP while noting that entire (100%) Equity Share Capital is held by Secretary (Ene...