GST Action Plan & Implementation

27th June 2017

Sr.

No. Issues Action Plan Further Action Action By Time line

1

June 2017 Invoice

Certification by

Engineer/Client.

Letter to be written to

PMC requesting Jun17 bill

certification latest by

30.06.17

Follow up at

PMC /Client

level.

KKR/RD

26.06.2017

Done

2

GST registration No

required for DFCC for all

three states.

Letter to be written to

PMC/DFCC to apply State-

wise registration

Further follow

KKR/RN

28.06.2017

3

Awareness Program on GST

with PMC/DFC Staff.

Finalizing date on work

shop on GST with

DFCC/PMC Finance.

DK/RN

IMMEDIATE

4

Studying and Analyzing

impact of GST on

BID/Contract

Making Comparison/

Impact analysis

IF required to

be intimated to

client

KKR/CD/RD/

Sunil/RN

On going

process. (As

early will be

beneficial)

5

First billing(GST Impact)

July 2017 Onwards

Preparing action plan -How

to claim GST & Get the

same certified from client.

ITC calculation to be

made.

DK/RN

15.07.2017

Issues & Action plan-Client Related

Sr.

No. Issues Action Plan Further Action Action By

Time

line

1

Registration by all

Vendor/Sub contractor

under GST.

1. Preparing Major Vendor/

Sub Contractor List.

2. For Big vendors -To be

intimated-Sample SOP -

Including Registration

procedure-Documents

Required.

3. For Small Vendors-

Arranging Camp to explain

them, SOP-Registration

Procedure-Documents

required.

Eg:- All ballast

Supplier,

Blanketing

supplier, PCM,

VAE-VKN, Fittings

suppliers, Fab

Agencies,

Building Agencies

etc.

1.Proc.:SVG,

2.Ballast,

Blanketing:-

Abhiram &

CD

3.Sub

contractor:-

CD/Sunil/Ab

hiram

4.Hiring

vendor:-

MKP

Before

15th July

2017

2

Analysis of all WO's/ PO's

for GST Impact and

short close of WO/PO ,

if required.

1. Balance Scope of Every

PO/WO has to be validated

by respective Planning

Engineer/ Procurement

2. All Sub contractor/ Vendor

has to pass on the benefit

due to GST and existing tax

structure.

3. Major PO's/Wo's needs to

be attacked first and

amended the same.

Eg:- All ballast

Supplier,

Blanketing

supplier, PCM,

VAE-VKN, Fittings

suppliers, Fab

Agencies,

Building Agencies

etc.

1.Proc.-SVG,

2.Ballast,

Blanketing:-

Abhiram &

CD

3.Sub

contractor:

CD/Sunil/Ab

hiram

On going

Process.

Before

July

2017

Issues & Action plan-Vendor/ Sub contractor

Sr.

No. Issues Action Plan

Further

Action Action By Time line

3

All Sub contractor billing needs to

be completed before June 2017.

(including P&M)

1. Taking a cut off date as

20th June 2017 for June

2017 billing and process

the bill in EIP and get the

same approved by SSC

before June 2017.

2. P&M Log sheet needs to

be closed on 25th for

June 2017 and process

the bill for June 2017.

Kumaran G/

Vrushali

Patil/ All Site

Billing

Engineers/

MKP

BEFORE

30th June

2017.

4

All Vendor/ Sub contractor

payment needs to be made in 180

days

1. Bill wise Outstanding

track needs to be

maintained.

2. All PO/WO-Payment

terms needs to be less

then 180 days/ 90days

NGR/DND

On going

process.

5 All RCM vendor needs to pay

within 90days

RCM Vendors like GTA/Legal

Consultancy etc.

NGR/DND

On going

process.

Continue…….

Sr.

No. Issues Action Plan

Further

Action Action By Time line

1

Major Equipment & Material shifting before June 2017 to other state(Like Raj to Gujarat/ Haryana and vice versa- To save GST impact on inter stock transfer moment.

1. List down the major P&M Equipment in hand as on date and Moment plan according to project requirement of that equipment.

2. Moment of Material laying in Rajasthan to Haryana/ Gujarat Like Sleeper, Rail etc.

MKP/SSM/Respective PM

28th June 2017

2

Copy of Invoices for Closing Stock as on 30th June -ED/VAT Benefit.

1. June 2017 Stock Statement -3,6&7 Series item needs to highlight.

2. Store wise list needs to circulate to all Store Keepers.

3. FIFO Method needs to be followed.

4. ED/VAT Invoice copy needs to collect.

PD/ RCS All Store Keepers/ Site Accountants/ RN

July 2017 & August 2017

3

Actual WIP working for one year period and identifying material component in the same , then collecting Copy of Invoices for WIP as on 30th June 2017 -ED/VAT Benefit.

1. Structure wise analysis of work done unbilled to calculate actual WIP of period from 1st July 2016 to 30th June 2017.

2. Identifying Material portion in WIP and Correlating the same with MIB

3. Collecting invoices after completing point 1&2 above.

CD/SUNIL/ Planning engineers PD/ RCS All Store Keepers/ Site Accountants/ RN

July 2017

Issues & Action Plan-Store/ P&M Planning

General

1 Opening a Help desk with dedicated

staff & Hot line No.

1. For Vendors/Subcontractor &

all our internal staff.

2. Hot line No needs to be

finalized.

3. Computerized recording in

English & Hindi needs to be

recorded.

4. Dedicated Person for

attending calls.

5. Circulating FAQ & Help Desk

Notification to all Accounts &

Planning person of CTP1 & 2.

6. Help Desk timing 9.30 to 1 &

2 to 6.30

PP/DND

2

Preparing FAQ with answers and SOP

with registration procedure and

Documents required.

FAQ

3 GST Implementation needs support at

each level.

Although in action plan particular

names are given but for smooth

implementation of GST all PM,

Planning, Project Accountants &

Stores are equally responsible.

GST Registration

Here's a List of documents required for GST Registration for INDIVIDUAL/Company/LLP for your reference:

1. Passport Size Photo 2. Active E-mail ID 3. Current Mobile Number 4. PAN card of the Individual 5. Aadhar Card of the Individual 6. ID proof of the individual: Passport/ Voter ID card/ Driving License. 7. Address proof of Office premises: (ANY 2) Electricity Bill/ Landline Telephone bill, Municipal Tax (Vera Bill)

copy, Rent/Lease agreement (in case premises are rented) Consent letter (In case premises of relatives),Any Certificate or Record from Government Dept,

8. Address proof of Residence of Individual: (ANY 2),Electricity Bill/ Landline Telephone bill, Municipal Tax (Vera Bill) copy, Rent/ Lease agreement (in case premises are rented), Consent letter (In case premises of relatives), Any Certificate or Record from Government Dept,

9. Business Proof: Gumasta Dhara Licence(Registration Certificate )/ SSI License 10.Cancelled Cheque of Bank Account showing Name of account Holder. 11.MICR Code, IFSC Code & Bank Branch Details. 12.First Page of Pass book OR Bank Statement. 13.Digital Sign of Authorized Signature 14.Authority Letter 15. 16.Please Note:- 17.PIN would be sent to the E-mail ID and Mobile Number given which is to be given to us for verification 18.So please ensure that you have updated your mobile number in your Aadhar. 19.The Validation Process would take three working days and if no error is found, RC will be issued.

Note:- GST registration can be done online @ https://www.gst.gov.in/ or with help of us.

GST Invoice Format for Supply of Goods

GST Invoice Format for Supply of Services

Frequently Asked Questions 1 What is GST ? How Does it Work?

GST is one Indirect Tax for whole nation, which will make India one unified common market. GST is a single tax on Supply of Goods & Services, right from the manufacture & Consumer. Credits of Input Taxes paid at each stage will be available in subsequent stage of value addition, which makes GST a essentially a tax only on value addition at each stage.

2 GST is in addition to Service Tax/ VAT/ED?

No. It will replace all the existing Indirect Taxes.

3 Which of the existing tax are proposed to subsumed under GST?

CVD, SAD, Excise Duty, CST, VAT , Entry Tax, Octroi, Service Tax, LBT.

4 What exactly the Concept of destination based tax on Consumption?

The tax would accrue to the taxing authority which has jurisdiction over the place of consumption which is also termed as place of supply.

5 Which Tax will attract for inter state moment of GST?

IGST (Integrated GST)

6 Which authority will levy and administer GST?

Centre will levy and administer CGST & IGST while respective states /UTs will levy and administer SGST/ UTGST.

7 Who is liable to pay GST under the proposed GST regime?

Under the GST regime, tax is payable by the taxable person on the supply of goods and/or services. Liability to pay tax arises when the taxable person crosses the turnover threshold of Rs.20 lakhs except in certain specified cases where the taxable person is liable to pay GST even though he has not crossed the threshold limit. The CGST / SGST is payable on all intra-State supply of goods and/or services and IGST is payable on all inter- State supply of goods and/or services. The CGST /SGST and IGST are payable at the rates specified in the Schedules to the respective Acts.

8 Which are the commodities proposed to be kept outside the purview of GST?

Article 366(12A) of the Constitution as amended by 101st Constitutional Amendment Act, 2016 defines the Goods and Services tax (GST) as a tax on supply of goods or services or both, except supply of alcoholic liquor for human consumption. So alcohol for human consumption is kept out of GST by way of definition of GST in constitution. Five petroleum products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel have temporarily been kept out and GST Council shall decide the date from which they shall be included in GST. Furthermore, electricity has been kept out of GST.

9 How will the goods and services be classified under GST regime?

HSN (Harmonised System of Nomenclature) code shall be used for classifying the goods under the GST regime. Services will be classified as per the Services Accounting Code (SAC)

10 How will imports be taxed under GST?

Imports of Goods and Services will be treated as inter-state supplies and IGST will be levied on import of goods and services into the country. The incidence of tax will follow the destination principle and the tax revenue in case of SGST will accrue to the State where the imported goods and services are consumed. Full and complete set-off will be available on the GST paid on import on goods and services

11 What are composite supply and mixed supply? How are these two different from each other?

Composite supply is a supply consisting of two or more taxable supplies of goods or services or both or any combination thereof, which are bundled in natural course and are supplied in conjunction with each other in the ordinary course of business and where one of which is a principal supply. For example, when a consumer buys a television set and he also gets warranty and a maintenance contract with the TV, this supply is a composite supply. In this example, supply of TV is the principal supply, warranty and maintenance service are ancillary. Mixed supply is combination of more than one individual supplies of goods or services or any combination thereof made in conjunction with each other for a single price, which can ordinarily be supplied separately. For example, a shopkeeper selling storage water bottles along with refrigerator. Bottles and the refrigerator can easily be priced and sold separately. In Case of mixed service highest rate is applicable.(For example :- material rate is 18% & transportation rate is 5% then 18% GST will be applicable to complete transaction value)

12 Are all goods and services taxable under GST?

Supplies of all goods and services are taxable except alcoholic liquor for human consumption. Supply of petroleum crude, high speed diesel, motor spirit (commonly known as petrol), natural gas and aviation turbine fuel shall be taxable with effect from a future date. This date would be notified by the Government on the recommendations of the GST Council.

13 What will be the implications in case of receipt of supply from unregistered persons?

In case of receipt of supply from an unregistered person, the registered person who is receiving goods or services shall be liable to pay tax under reverse charge mechanism.

14 What is advantage of taking registration in GST?

Registration under Goods and Service Tax (GST) regime will confer following advantages to the business: • Legally recognized as supplier of goods or services. • Proper accounting of taxes paid on the input goods or services which can be utilized for payment of GST due on supply of goods or services or both by the business. • Legally authorized to collect tax from his purchasers and pass on the credit of the taxes paid on the goods or services supplied to purchasers or recipients. • Getting eligible to avail various other benefits and privileges rendered under the GST laws

15 Can a person without GST registration claim ITC and collect tax?

No, a person without GST registration can neither collect GST from his customers nor can claim any input tax credit of GST paid by him.

16 Which are the cases in which registration is compulsory?

As per Section 24 of the CGST/SGST Act, the following categories of persons shall be required to be registered compulsorily irrespective of the threshold limit: i) persons making any inter-State taxable supply; ii) casual taxable persons; iii) persons who are required to pay tax under reverse charge; iv) electronic commerce operators required to pay tax under sub-section (5) of section 9; v) non-resident taxable persons; vi) persons who are required to deduct tax under section 51; vii) persons who supply goods and/or services on behalf of other registered taxable persons whether as an agent or otherwise; viii) Input service distributor (whether or not separately registered under the Act) ix) persons who are required to collect tax under section 52.

17 If a person is operating in different states, with the same PAN number, whether he can operate with a single Registration?

No. Every person who is liable to take a Registration will have to get registered separately for each of the States where he has a business operation and is liable to pay GST in terms of Sub-section (1) of Section 22 of the CGST/SGST Act.

18 Whether a person having multiple business verticals in a state can obtain for different registrations?

Yes. In terms of the proviso to Sub-Section (2) of Section 25, a person having multiple business verticals in a State may obtain a separate registration for each business vertical, subject to such conditions as may be prescribed.

19 Whether work done within ROW will attract GST?

YES

20 Service tax exempted in earlier law has been continued?

No

21 ITC is available at all level on value addition for main work & other work

Yes he is eligible for ITC.

22 ED & VAT Paid between 1st July 2016 to 30th June 2017 can be availed as ITC? CST can also availed as ITC?

Yes. CST Paid can not be considered as an ITC.

23 Sleeper Manufactured in ROW is Taxable under GST?

YES. GST will attract on all the Goods & Services produced in Site ROW also. ITC Can be claimed for the same.

24 Aggregate, Ballast production was exempted in Rajasthan in VAT regime, exemption is continued in GST?

No. 5% GST will be applicable to the same.

25 Construction Labour was exempted under service tax, GST will attract on same?

Yes GST will be applicable to all kind of activity including labour service at construction site.

26 RCM was applicable to Manpower Supply agencies , Rent a Cab services , Works Contract service Security agency are continued in GST?

No the same has been withdrawn in GST regime and service provide needs to discharge GST under those services.

27 Works contract service availed for temporary works or permanent works . Is there any difference in GST?

No. ITC can be availed on both the service received. Rate of Tax is also same for both.

28 Moment from Quarry to Site will attract GST under GTA ?

Yes it will attract GST under GTA service ( RCM) @5%.

Person Responsible for GST Implementation at Site PACKAGE Name Ph No Mail ID Department

A

Shreenivasrao Gunda 8696914170 sreenivas@lntecc.com Accounts

Lova Babu 8222999012 lovajib@lntecc.com Accounts

Ashish Kumar 8222999004 kashish@lntecc.com Planning

Sudip Leyak 8222999020 slayek@lntecc.com Planning

B

Rajendra Prasad Pradhan 8239567860 rppradhan@lntecc.com Accounts

Anil Raut 8696913041 akraut@lntecc.com Accounts

Vignesh C 8691912694 vigneshc@lntecc.com Planning

Rupendran V 8696912890 rupendhiran@lntecc.com Planning

CTP 2

AM Patrawala 8239567861 abizar@lntecc.com Accounts

Akash Verma 8696911380 akashverma@lntecc.com Planning

Mohit Gupta 9599487244 mgupta@lntecc.com Planning

C1

Rajesh Kumar Singh 8239578666 Rajksingh@lntecc.com Accounts

Pulkit M 8696911852 psmaria@lntecc.com Planning

Karthik P 8696913482 KARTHIK-S@lntecc.com Planning

C2

PK Roy 8696912687 pkroy@lntecc.com Accounts

R basu 8696913006 VASUNIRJOGI@lntecc.com Planning

Ram Suresh 8696912725 ramsuresh@lntecc.com Planning

D1

Jignesh Dave 8696913385 jigneshdave@lntecc.com Accounts

Om Naryan Rajput 8696912743 omr@lntecc.com Planning

Neeraj Kumar 8696913274 NEERAJ-KUMAR@lntecc.com Planning

D2

Bimal Kanti Ray 8696911863 bimalray@lntecc.com Accounts

Hasan 8696911637 mmhasan@lntecc.com Planning

Anjum 8696913269 anjumjauher@lntecc.com Planning

BHG Shree Nivas rao Gunda 8696914170 sreenivas@lntecc.com Accounts

Arnab B 8696919288 arnabbhatta@lntecc.com Planning

Marwar

AM Patrawala 8239567861 abizar@lntecc.com Accounts

Durgesh 8696913305 dkumar@lntecc.com Planning

Surav Jha 8696730603 sjha660@gmail.com Planning

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