Input tax credit and GST assessment procedures are revised for construction projects, recovery notices, and credit utilisation order. The Assam Goods and Services Tax (Second Amendment) Rules, 2019 amend rules 41, 42 and 43 to clarify input tax credit treatment for construction-related supplies, including project-wise computation, reversal, final credit adjustment, and definitions relating to apartments, projects, promoters and carpet area. They also insert rule 88A on the order of utilisation of input tax credit, substitute rule 100 on assessments, substitute rule 142 on notices and demand recovery procedure, and revise the corresponding GST forms, including ASMT, DRC and CPD formats.
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Input tax credit and GST assessment procedures are revised for construction projects, recovery notices, and credit utilisation order.
The Assam Goods and Services Tax (Second Amendment) Rules, 2019 amend rules 41, 42 and 43 to clarify input tax credit treatment for construction-related supplies, including project-wise computation, reversal, final credit adjustment, and definitions relating to apartments, projects, promoters and carpet area. They also insert rule 88A on the order of utilisation of input tax credit, substitute rule 100 on assessments, substitute rule 142 on notices and demand recovery procedure, and revise the corresponding GST forms, including ASMT, DRC and CPD formats.
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