https://www.taxtmi.com/caselaws?id=800569 Mandatory reversal of common GST input tax credit attributable to unsold units at Building Use Permission is treated as an irrecoverable project cost when post-completion sales fall outside output GST. Project-wise credit apportionment requires final adjustment by reference to the unsold portion, and the absence of fresh cash payment does not prevent deduction where a previously valid credit becomes unusable by law. The deduction arises in the assessment year when final statutory attribution crystallises, rather than earlier years when the credit remained available. A related reversal claim requires verification and must be allowed in only one appropriate assessment year to prevent double deduction. en-us Wed, 23 Sep 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800569 Mandatory reversal of common GST input tax credit attributable to unsold units at Building Use Permission is treated as an irrecoverable project cost when post-completion sales fall outside output GST. Project-wise credit apportionment requires final adjustment by reference to the unsold portion, and the absence of fresh cash payment does not prevent deduction where a previously valid credit becomes unusable by law. The deduction arises in the assessment year when final statutory attribution crystallises, rather than earlier years when the credit remained available. A related reversal claim requires verification and must be allowed in only one appropriate assessment year to prevent double deduction. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800569