AAR: Work on small hydro-electric project on existing dam, not eligible for concessional rate

Kerala AAR holds that works contract services provided to Kerala State Electricity Board Limited (KSEBL), pursuant to Work Order, are not eligible for concessional rate of 12% applicable for composite supplies; Observes that the rights of KSEB were re-vested in KSEB Ltd., which has been established, with 90% or more participation by way of equity or control of Govt. of Kerala, for the purposes of carrying out business of generation, transmission and distribution of electricit...