Tag Archives: ADVANCE RULING NO. KER/20/2018

Reverse ITC availed on Pro rata basis on sale of plot after completion : AAR

By | October 12, 2018

It is lawful to structure agreement by fixing land cost after absorbing development charges. Input Tax Credit availed in respect of GST paid on goods and/or services used/consumed for development of land, in respect of plots sold after issuance of Completion Certificate is liable to be reversed on pro rata basis AUTHORITY FOR ADVANCE RULINGS,… Read More »