https://www.taxtmi.com/caselaws?id=299315 The ruling addressed queries related to passing on the benefit of a lower GST rate to flat buyers under the CLSS Scheme. It clarified that excess GST collected can be adjusted through credit notes against future GST liability. However, if the builder faces difficulties in adjusting due to time limits or insufficient future liability, they should seek guidance from the GST Policy Wing. Queries regarding GST credit adjustment without future liability and entitlement to refunds were deemed outside the authority's purview and referred to the jurisdictional authority for determination. en-us Mon, 14 Dec 2020 00:00:00 +0530 Fri, 21 Mar 2025 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299315 The ruling addressed queries related to passing on the benefit of a lower GST rate to flat buyers under the CLSS Scheme. It clarified that excess GST collected can be adjusted through credit notes against future GST liability. However, if the builder faces difficulties in adjusting due to time limits or insufficient future liability, they should seek guidance from the GST Policy Wing. Queries regarding GST credit adjustment without future liability and entitlement to refunds were deemed outside the authority's purview and referred to the jurisdictional authority for determination. Case-Laws GST Mon, 14 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299315