https://www.taxtmi.com/article/detailed?id=17016 Construction intended for sale is a taxable supply of services until the earlier of issuance of the required completion certificate or first occupation. An application for an Occupancy Certificate does not itself end credit eligibility. Once unsold units transition to post-completion or post-occupation sales, they are treated as exempt supplies for input tax credit purposes, requiring proportionate restriction and reversal of credit attributable to that inventory. First occupation is assessed by actual physical possession and habitation, independently of separate real estate regulatory completion requirements. en-us Thu, 23 Jul 2026 08:43:51 +0530 Thu, 23 Jul 2026 08:43:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17016 Construction intended for sale is a taxable supply of services until the earlier of issuance of the required completion certificate or first occupation. An application for an Occupancy Certificate does not itself end credit eligibility. Once unsold units transition to post-completion or post-occupation sales, they are treated as exempt supplies for input tax credit purposes, requiring proportionate restriction and reversal of credit attributable to that inventory. First occupation is assessed by actual physical possession and habitation, independently of separate real estate regulatory completion requirements. Articles Goods and Services Tax - GST Thu, 23 Jul 2026 08:43:51 +0530 https://www.taxtmi.com/article/detailed?id=17016