https://www.taxtmi.com/caselaws?id=368633 The Authority for Advance Rulings ruled that structuring agreements by fixing land cost after absorbing development charges is permissible. Additionally, it was determined that Input Tax Credit (ITC) must be reversed on a pro rata basis for plots sold after the completion certificate is issued. This means that the ITC should be adjusted based on the proportion of plots sold post-completion. en-us Wed, 26 Sep 2018 00:00:00 +0530 Mon, 03 Mar 2025 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368633 The Authority for Advance Rulings ruled that structuring agreements by fixing land cost after absorbing development charges is permissible. Additionally, it was determined that Input Tax Credit (ITC) must be reversed on a pro rata basis for plots sold after the completion certificate is issued. This means that the ITC should be adjusted based on the proportion of plots sold post-completion. Case-Laws GST Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368633