https://www.taxtmi.com/forum/issue?id=120580 GST reclassification of gymnasium services to 5% without ITC does not require reversal of valid ITC balances as of 21.09.2025, but such ITC cannot be used against supplies taxed at 5% without ITC nor refunded for that reason. Reversal obligations may apply for capital goods under rule 43 where useful life criteria are unmet. Taxpayers should carry forward and apply remaining ITC to other allowable output tax liabilities or follow statutory reversal rules. en-us Tue, 04 Nov 2025 13:17:19 +0530 Wed, 12 Nov 2025 08:45:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120580 GST reclassification of gymnasium services to 5% without ITC does not require reversal of valid ITC balances as of 21.09.2025, but such ITC cannot be used against supplies taxed at 5% without ITC nor refunded for that reason. Reversal obligations may apply for capital goods under rule 43 where useful life criteria are unmet. Taxpayers should carry forward and apply remaining ITC to other allowable output tax liabilities or follow statutory reversal rules. Discussion-Forum GST Tue, 04 Nov 2025 13:17:19 +0530 https://www.taxtmi.com/forum/issue?id=120580