https://www.taxtmi.com/forum/issue?id=117800 Primary audit concerns for builders under GST include correct claim and reversal of Input Tax Credit via Tran-1, treatment of semi finished inventory, invoicing and tax point issues when GST is declared before receipt, identification and adjustment of advances, reversal of ITC for completed pre GST projects, transition reconciliations, treatment of developed plots, and application of reverse charge for supplies from unregistered persons; auditors should verify TRAN 1 and related contractual allocations between landowners and developers. en-us Sun, 06 Feb 2022 08:59:23 +0530 Thu, 23 Jan 2025 15:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117800 Primary audit concerns for builders under GST include correct claim and reversal of Input Tax Credit via Tran-1, treatment of semi finished inventory, invoicing and tax point issues when GST is declared before receipt, identification and adjustment of advances, reversal of ITC for completed pre GST projects, transition reconciliations, treatment of developed plots, and application of reverse charge for supplies from unregistered persons; auditors should verify TRAN 1 and related contractual allocations between landowners and developers. Discussion-Forum GST Sun, 06 Feb 2022 08:59:23 +0530 https://www.taxtmi.com/forum/issue?id=117800