https://www.taxtmi.com/forum/issue?id=114227 Whether builders may retain and utilise input tax credit from service tax paid during construction where some units were sold after project completion and unsold units are let out with GST paid; the assessee reversed ITC for post-completion sales, used remaining credit to pay GST on rentals, and the department seeks reversal of the entire credit from project completion to reversal date, while commentators queried the department's rationale and noted no clear legal bar to claiming the ITC. en-us Thu, 11 Oct 2018 22:09:35 +0530 Thu, 23 Jan 2025 15:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114227 Whether builders may retain and utilise input tax credit from service tax paid during construction where some units were sold after project completion and unsold units are let out with GST paid; the assessee reversed ITC for post-completion sales, used remaining credit to pay GST on rentals, and the department seeks reversal of the entire credit from project completion to reversal date, while commentators queried the department's rationale and noted no clear legal bar to claiming the ITC. Discussion-Forum GST Thu, 11 Oct 2018 22:09:35 +0530 https://www.taxtmi.com/forum/issue?id=114227