https://www.taxtmi.com/forum/issue?id=118029 Input tax credit in the electronic credit ledger does not lapse and may be carried forward indefinitely; it may be used to pay GST on outward supplies unless law expressly restricts such use. The credit cannot be applied to the specified tax charge in new residential projects. Check whether credit reversals were required on sales after issuance of a completion certificate, as failure to reverse where mandated may result in departmental demands with interest and penalty. en-us Tue, 05 Jul 2022 14:13:35 +0530 Thu, 23 Jan 2025 15:54:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118029 Input tax credit in the electronic credit ledger does not lapse and may be carried forward indefinitely; it may be used to pay GST on outward supplies unless law expressly restricts such use. The credit cannot be applied to the specified tax charge in new residential projects. Check whether credit reversals were required on sales after issuance of a completion certificate, as failure to reverse where mandated may result in departmental demands with interest and penalty. Discussion-Forum GST Tue, 05 Jul 2022 14:13:35 +0530 https://www.taxtmi.com/forum/issue?id=118029