https://www.taxtmi.com/article/detailed?id=9057 Promoter developers must forgo input tax credit and procure a prescribed majority of inputs and input services from registered suppliers to qualify for concessional GST rates; failing that, they incur reverse charge liability to pay tax on the value of inputs and input services comprising the shortfall, with cement from unregistered suppliers specifically taxable on reverse charge at receipt. Project-wise records, year-end computation of shortfalls, electronic declaration filing, and reporting of non-availed input tax credit in returns are required, and exempt supplies are included while development-rights value is excluded for threshold calculation. en-us Thu, 09 Apr 2020 10:35:29 +0530 Thu, 09 Apr 2020 10:35:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9057 Promoter developers must forgo input tax credit and procure a prescribed majority of inputs and input services from registered suppliers to qualify for concessional GST rates; failing that, they incur reverse charge liability to pay tax on the value of inputs and input services comprising the shortfall, with cement from unregistered suppliers specifically taxable on reverse charge at receipt. Project-wise records, year-end computation of shortfalls, electronic declaration filing, and reporting of non-availed input tax credit in returns are required, and exempt supplies are included while development-rights value is excluded for threshold calculation. Articles Goods and Services Tax - GST Thu, 09 Apr 2020 10:35:29 +0530 https://www.taxtmi.com/article/detailed?id=9057