https://www.taxtmi.com/forum/issue?id=112437 Where a developer claimed full input tax credit but did not receive the entire consideration after issuance of the occupation certificate, the exemption tied to receipt of the entire consideration post O.C. is inapplicable. Developers who received advances or consideration before O.C. are taxable and must reverse proportionate ITC attributable to supplies not meeting the post O.C. entire consideration condition, while units not booked or paid for before O.C. may remain exempt and require corresponding ITC adjustments. en-us Tue, 25 Jul 2017 13:48:41 +0530 Thu, 23 Jan 2025 15:55:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112437 Where a developer claimed full input tax credit but did not receive the entire consideration after issuance of the occupation certificate, the exemption tied to receipt of the entire consideration post O.C. is inapplicable. Developers who received advances or consideration before O.C. are taxable and must reverse proportionate ITC attributable to supplies not meeting the post O.C. entire consideration condition, while units not booked or paid for before O.C. may remain exempt and require corresponding ITC adjustments. Discussion-Forum GST Tue, 25 Jul 2017 13:48:41 +0530 https://www.taxtmi.com/forum/issue?id=112437