https://www.taxtmi.com/forum/issue?id=117294 Input tax credit must be treated as common credit and apportioned by carpet area between residential and commercial components. Credit attributable to residential units must be reversed in full; credit attributable to commercial units may be availed. If sales occur before completion, reverse credit monthly to the extent units will be sold for taxable commercial supply. On project completion, rework and reconcile the commercial portion of credit based on actual area sold. en-us Tue, 22 Jun 2021 23:35:20 +0530 Thu, 23 Jan 2025 15:54:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117294 Input tax credit must be treated as common credit and apportioned by carpet area between residential and commercial components. Credit attributable to residential units must be reversed in full; credit attributable to commercial units may be availed. If sales occur before completion, reverse credit monthly to the extent units will be sold for taxable commercial supply. On project completion, rework and reconcile the commercial portion of credit based on actual area sold. Discussion-Forum GST Tue, 22 Jun 2021 23:35:20 +0530 https://www.taxtmi.com/forum/issue?id=117294