https://www.taxtmi.com/forum/issue?id=115816 Whether letting out units during an under construction project amounts to first occupation for GST and requires reversal of input tax credit is disputed. Commentators distinguish sale (transfer of ownership) from letting out (temporary grant of use without transfer), concluding that letting out does not constitute first occupation and thus does not trigger the ITC reversal mechanism under the GST rule. en-us Fri, 27 Dec 2019 12:45:11 +0530 Thu, 23 Jan 2025 15:54:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115816 Whether letting out units during an under construction project amounts to first occupation for GST and requires reversal of input tax credit is disputed. Commentators distinguish sale (transfer of ownership) from letting out (temporary grant of use without transfer), concluding that letting out does not constitute first occupation and thus does not trigger the ITC reversal mechanism under the GST rule. Discussion-Forum GST Fri, 27 Dec 2019 12:45:11 +0530 https://www.taxtmi.com/forum/issue?id=115816