GST on entire supply under EPC projects to be taxed at 70:30 ratio for goods & services, says GAAAR

Gujarat’s Appellate Authority for Advance Rulings (GAAAR) has held that in case of artificial bifurcation of contracts under EPC (Engineering, Procurement and Construction), GST will be levied on gross value of supply comprising both goods and services. Experts say though this ruling will have very high significance for all EPC projects, but will be more for solar power projects. The appellant Shi…