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<h1>Odisha GST Rules Amended: Key Changes in Asset Valuation, ITC Adjustments for Construction, and Updated Tax Forms.</h1> The Odisha Goods and Services Tax (Second Amendment) Rules, 2019, effective from April 1, 2019, introduce several amendments to the Odisha GST Rules, 2017. Key changes include clarifications on the valuation of business assets and adjustments to rules concerning input tax credit (ITC) related to construction projects. New provisions detail the calculation and reversal of ITC for projects transitioning due to tax rate changes. Amendments also update forms for tax assessment, demand notices, and rectification orders. The rules specify the order of ITC utilization, emphasizing the priority of integrated tax credit. These amendments aim to streamline GST compliance and enhance clarity for taxpayers.