AAR : Projects under Government schemes carried out for business purpose constitutes “works contract”, taxable at 18%

Madhya Pradesh AAR holds that contract entered by applicant, a wholly owned subsidiary of MP Power Management Co. Ltd., carrying out function of distribution of electricity in urban and/or rural area, squarely falls under ‘Works Contract’, under Entry No (ii) of Sr. No. 3 of Table of Notification No. 11/2017-Central Tax (Rate); Observing that Govt. of MP is having full control over the applicant, opines that applicant...