RESTRICTION ON INPUT TAX CREDIT TO DEVELOPERS
Query (Issue) Started By: – YUWRAJ KOTHARI Dated:- 25-7-2017 Last Reply Date:- 26-7-2017 Goods and Services Tax – GST
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GST
IN CASE OF DEVELOPERS TAKEN FULL CREDIT OF ITC BUT SUPPLY/ SALES EFFECTED 50% ONLY AND THERE IS NO BALANCE IN INPUT CREDIT LEDGER.NOW OBTAIN OCCUPATION CERTIFICATE (O.C) THUS NOT REQUIRED TO PAY GST. WHETHER AMOUNTS TO EXEMPT SUPPLY POST O.C ??? AND THUS REQUIRE TO REVERSE PROPORTIONATE ITC TAKEN (REFER
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