https://www.taxtmi.com/notifications?id=129636 Amendments clarify that value of assets is the full value of business assets regardless of ITC; prescribe detailed, carpet-area based E/F formulas and project-level methods to compute and finally determine input tax credit for construction of apartments, including separate computations by tax heads and transitional provisions for rate changes. Reversals or claims of excess/shortfall are to be reported in FORM GSTR-3B or FORM GST DRC-03 within specified months with interest for delayed reversals. Definitions for project/apartment/RREP and allocation rules for capital goods and inputs used across projects are provided. en-us Sun, 31 Mar 2019 00:00:00 +0530 Thu, 09 May 2019 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129636 Amendments clarify that value of assets is the full value of business assets regardless of ITC; prescribe detailed, carpet-area based E/F formulas and project-level methods to compute and finally determine input tax credit for construction of apartments, including separate computations by tax heads and transitional provisions for rate changes. Reversals or claims of excess/shortfall are to be reported in FORM GSTR-3B or FORM GST DRC-03 within specified months with interest for delayed reversals. Definitions for project/apartment/RREP and allocation rules for capital goods and inputs used across projects are provided. Notifications GST - States Sun, 31 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129636