https://www.taxtmi.com/article/detailed?id=7834 Restrictions deny builders full entitlement to input tax credit where works contract services or goods/services are received for construction of immovable property on the builder's own account; credit is allowed only for the portion attributable to taxable construction services, common inputs must be attributed between taxable and exempt supplies, and a statutory time limit for claiming credit plus required reversals after completion/occupation constrain availment and may force cash discharge for previously availed credit. en-us Mon, 29 Jan 2018 07:56:46 +0530 Mon, 29 Jan 2018 07:56:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7834 Restrictions deny builders full entitlement to input tax credit where works contract services or goods/services are received for construction of immovable property on the builder's own account; credit is allowed only for the portion attributable to taxable construction services, common inputs must be attributed between taxable and exempt supplies, and a statutory time limit for claiming credit plus required reversals after completion/occupation constrain availment and may force cash discharge for previously availed credit. Articles Goods and Services Tax - GST Mon, 29 Jan 2018 07:56:46 +0530 https://www.taxtmi.com/article/detailed?id=7834