https://www.taxtmi.com/forum/issue?id=120799 The statutory land abatement is a valuation mechanism that reduces the taxable base for a residential unit and does not create a separate exempt supply; therefore, treating that abatement as a basis for exempt supply and invoking Rule 42 to reverse input tax credit mischaracterises the legal fiction and is contestable, with only genuinely common expenses being potentially allocable. en-us Fri, 06 Mar 2026 19:11:19 +0530 Wed, 11 Mar 2026 07:34:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120799 The statutory land abatement is a valuation mechanism that reduces the taxable base for a residential unit and does not create a separate exempt supply; therefore, treating that abatement as a basis for exempt supply and invoking Rule 42 to reverse input tax credit mischaracterises the legal fiction and is contestable, with only genuinely common expenses being potentially allocable. Discussion-Forum GST Fri, 06 Mar 2026 19:11:19 +0530 https://www.taxtmi.com/forum/issue?id=120799