https://www.taxtmi.com/forum/issue?id=114121 Advises that where retention or hold sums remain outstanding, the developer should pay the GST portion to the contractor and secure a bill-wise acknowledgement; such payment is treated as discharge of consideration to that extent and thereby avoids reversal of Input Tax Credit. It also recommends contractually defining GST treatment of retention and seeking an advance ruling for certainty. en-us Wed, 05 Sep 2018 16:05:24 +0530 Thu, 23 Jan 2025 15:55:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114121 Advises that where retention or hold sums remain outstanding, the developer should pay the GST portion to the contractor and secure a bill-wise acknowledgement; such payment is treated as discharge of consideration to that extent and thereby avoids reversal of Input Tax Credit. It also recommends contractually defining GST treatment of retention and seeking an advance ruling for certainty. Discussion-Forum GST Wed, 05 Sep 2018 16:05:24 +0530 https://www.taxtmi.com/forum/issue?id=114121