https://www.taxtmi.com/notifications?id=129578 The amendment prescribes project level computation and finalisation of input tax credit for construction services by using carpet area based apportionment (E/F) to allocate common credit between exempt, partly exempt and taxable supplies; it mandates reversal or claiming of excess credits in specified returns or through FORM GST DRC 03, requires assignment of inputs used across projects on a reasonable basis, and inserts related explanatory definitions and calculation rules. en-us Tue, 09 Apr 2019 00:00:00 +0530 Sat, 04 May 2019 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129578 The amendment prescribes project level computation and finalisation of input tax credit for construction services by using carpet area based apportionment (E/F) to allocate common credit between exempt, partly exempt and taxable supplies; it mandates reversal or claiming of excess credits in specified returns or through FORM GST DRC 03, requires assignment of inputs used across projects on a reasonable basis, and inserts related explanatory definitions and calculation rules. Notifications GST - States Tue, 09 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129578