AAR: Denies concessional rate benefit to works-contract executed w.r.t. ‘Rural electrification works’ predominantly for commerce, industry or business

Rajasthan AAR holds that (a) supply of material/equipment and (b) erection, testing & commissioning of supplied material for providing of rural electricity infrastructure for household electrification, by applicant under Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY), is not eligible to be taxed at lower rate of 12% but are liable to be taxed at 18%; Opines that said supplies being ‘naturally bundled’, constitute a ‘composite supply of works contract’ u/s 2 (119...