https://www.taxtmi.com/forum/issue?id=116939 The post April 2019 provision requires apportionment and reversal of input tax credit for unsold flats on project completion; one interpretation limits reversal to credits availed from the provision's effective date, while the department is likely to assert that credits availed throughout the project period must be considered for reversal, exposing taxpayers who adopt the narrower view to potential demands. en-us Mon, 04 Jan 2021 11:14:02 +0530 Thu, 23 Jan 2025 15:54:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116939 The post April 2019 provision requires apportionment and reversal of input tax credit for unsold flats on project completion; one interpretation limits reversal to credits availed from the provision's effective date, while the department is likely to assert that credits availed throughout the project period must be considered for reversal, exposing taxpayers who adopt the narrower view to potential demands. Discussion-Forum GST Mon, 04 Jan 2021 11:14:02 +0530 https://www.taxtmi.com/forum/issue?id=116939