Friday, October 14, 2011

VAT on BOT contracts-a view point

The concept of Public-Private partnership in  infrastructural  development has given rise to the concepts of BOT contracts. BOT contract means Build-Operatre-Transfer, i.e the contractor is given a contract to build some infrastructure out of his own funds and thereafter he is given right to operate such infrastructure and recover his cost of funds and profits therefrom for a certain period and thereafter the  infrastructure is transferred to the Government.

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