https://www.taxtmi.com/forum/issue?id=108718 Builders who avail input service credit on input services for complex construction must undertake proportionate reversal of credit relating to unsold flats that, after project completion, are not subject to service tax. The Cenvat mechanistic provisions require reversal or payment in respect of common inputs and input services when outputs become non-taxable; reversal should be effected on or immediately after the completion certificate, failing which interest may apply. en-us Tue, 09 Jun 2015 11:53:32 +0530 Thu, 23 Jan 2025 15:56:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108718 Builders who avail input service credit on input services for complex construction must undertake proportionate reversal of credit relating to unsold flats that, after project completion, are not subject to service tax. The Cenvat mechanistic provisions require reversal or payment in respect of common inputs and input services when outputs become non-taxable; reversal should be effected on or immediately after the completion certificate, failing which interest may apply. Discussion-Forum Service Tax Tue, 09 Jun 2015 11:53:32 +0530 https://www.taxtmi.com/forum/issue?id=108718