https://www.taxtmi.com/forum/issue?id=112686 Service tax on advances becomes due at the point of taxation when consideration is received before completion; auditors may require deposit of tax with interest and proportionate reversal of Cenvat credit for units still under construction. Exemption for completed unsold units applies only if full consideration is received after the completion certificate or first occupation, otherwise advance-based tax liability and credit reversal obligations arise. Creditability pre-GST extended to specified input services, not materials. en-us Thu, 24 Aug 2017 18:45:49 +0530 Thu, 23 Jan 2025 15:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112686 Service tax on advances becomes due at the point of taxation when consideration is received before completion; auditors may require deposit of tax with interest and proportionate reversal of Cenvat credit for units still under construction. Exemption for completed unsold units applies only if full consideration is received after the completion certificate or first occupation, otherwise advance-based tax liability and credit reversal obligations arise. Creditability pre-GST extended to specified input services, not materials. Discussion-Forum Service Tax Thu, 24 Aug 2017 18:45:49 +0530 https://www.taxtmi.com/forum/issue?id=112686