GST credit Reversal

Dear Meet Shah,

We just require reversing the credit belonging to such building however if we have any common credit then we need to reverse the same proportionately as per ITC rules.

Further, the department can ask us to pay the interest on the ITC utilized towards any other supplies but such issues can be fought against the department.

Not only for the tax period but I feel all the input tax credits belonging to such project need to be reversed. Even in earlier service tax regime, there were litigations in this regard but finally, same was settled by judicial pronouncements by saying this is the basic understanding of free flow of credit.