🏗️Understanding ITC Reversal under GST for Real Estate | Rule 42 & 43 | Lokesh Jain

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🎯GST Input Tax Credit (ITC) Reversal for Real Estate Projects | Rule 42 & 43 Explained

📝Understanding ITC Reversal under GST for Real Estate
📽️In this video, we simplify how Input Tax Credit (ITC) reversal works for builders, developers, and contractors under Rule 42 and 43 of the CGST Rules.
Know when and how much ITC needs to be reversed when your project includes both taxable and exempt supplies — like commercial units and residential flats sold after completion.

📘 What You’ll Learn:
✅ What is ITC reversal and when it applies in real estate
✅ Step-by-step explanation of Rule 42 & 43
✅ Difference between inputs, input services, and capital goods
✅ Real examples for easy calculation
✅ How to do final adjustment after completion certificate (CC)
✅ Common errors by builders and how to avoid penalties
✅ Key updates and clarifications by GST Council

💡 Perfect for: Builders, Developers, CAs, GST Consultants, and Finance Professionals looking for a clear, practical explanation of ITC reversal under GST.

⚖️ Disclaimer: This video is created for educational and informational purposes only and does not constitute professional or legal advice.