https://www.taxtmi.com/article/detailed?id=9937 The core issue is whether ITC must be reversed for RWA maintenance contributions that are exempt only up to a specified monthly threshold. Commentators note conflicting administrative guidance and a court view that only the excess over the threshold is taxable. One position contends partial exemption means the supply is not wholly exempt and no proportionate ITC reversal is required; the counterposition treats amounts within the threshold as exempt supplies, requiring ITC reversal under GST reversal rules. en-us Thu, 05 Aug 2021 13:46:33 +0530 Thu, 05 Aug 2021 13:46:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9937 The core issue is whether ITC must be reversed for RWA maintenance contributions that are exempt only up to a specified monthly threshold. Commentators note conflicting administrative guidance and a court view that only the excess over the threshold is taxable. One position contends partial exemption means the supply is not wholly exempt and no proportionate ITC reversal is required; the counterposition treats amounts within the threshold as exempt supplies, requiring ITC reversal under GST reversal rules. Articles Goods and Services Tax - GST Thu, 05 Aug 2021 13:46:33 +0530 https://www.taxtmi.com/article/detailed?id=9937