https://www.taxtmi.com/notifications?id=129171 Amendments define "value of assets" as the entire business assets and establish project-wise methods for finalising input tax credit for construction services and capital goods under Schedule II clause (b). They prescribe E/F and related formulas using carpet areas to prorate common credits, require separate declaration by tax component, set timelines (by the September return after completion/occupation) for reversals or claims via FORM GSTR-3B or FORM GST DRC-03, introduce assignment where inputs or capital goods serve multiple projects, set utilisation order of credits in Rule 88A, and substitute multiple DRC and ASMT forms to standardise electronic summaries and proceedings. en-us Fri, 29 Mar 2019 00:00:00 +0530 Wed, 03 Apr 2019 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129171 Amendments define "value of assets" as the entire business assets and establish project-wise methods for finalising input tax credit for construction services and capital goods under Schedule II clause (b). They prescribe E/F and related formulas using carpet areas to prorate common credits, require separate declaration by tax component, set timelines (by the September return after completion/occupation) for reversals or claims via FORM GSTR-3B or FORM GST DRC-03, introduce assignment where inputs or capital goods serve multiple projects, set utilisation order of credits in Rule 88A, and substitute multiple DRC and ASMT forms to standardise electronic summaries and proceedings. Notifications GST Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129171