https://www.taxtmi.com/notifications?id=129409 Amendments clarify that value of assets means the entire business assets and establish project wise methods for apportioning and finally calculating input tax credit for construction services under Schedule II(b). They prescribe carpet area based ratios (E/F and related measures) and formulae (C3aggregate_comm, C3final_comm, Tefinal, Tcfinal, Afinal) to allocate common credit between exempt and taxable supplies and between residential and commercial portions, require reversals or credit claims via FORM GSTR-3B or FORM GST DRC-03 with specified timelines and interest consequences, mandate reasonable attribution where inputs span projects, and insert definitions and new procedural forms for assessment and demand summaries. en-us Mon, 01 Apr 2019 00:00:00 +0530 Wed, 17 Apr 2019 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129409 Amendments clarify that value of assets means the entire business assets and establish project wise methods for apportioning and finally calculating input tax credit for construction services under Schedule II(b). They prescribe carpet area based ratios (E/F and related measures) and formulae (C3aggregate_comm, C3final_comm, Tefinal, Tcfinal, Afinal) to allocate common credit between exempt and taxable supplies and between residential and commercial portions, require reversals or credit claims via FORM GSTR-3B or FORM GST DRC-03 with specified timelines and interest consequences, mandate reasonable attribution where inputs span projects, and insert definitions and new procedural forms for assessment and demand summaries. Notifications GST - States Mon, 01 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129409