https://www.taxtmi.com/notifications?id=129703 The notification amends the earlier G.O. to prescribe distinct Table entries and specified state tax rates (notably 0.75% and 3.75% for select construction services) effective 1 April 2019, conditions the cash payment of state tax and strict limits on Input Tax Credit (ITC) except as prescribed in Annexure I (REP other than RREP) and Annexure II (RREP), requires project wise calculation and payment or reversal of ITC attributable to post transition supplies, imposes an 80% registered supplier sourcing threshold with reverse charge treatment for shortfalls and for cement from unregistered persons, creates recipient liability rules where development rights/FSI are transferred for construction, mandates electronic reporting and a one time option form for promoters to elect prescribed rates by 10 May 2019, and inserts definitions and computational rules to implement these obligations. en-us Mon, 29 Apr 2019 00:00:00 +0530 Fri, 10 May 2019 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129703 The notification amends the earlier G.O. to prescribe distinct Table entries and specified state tax rates (notably 0.75% and 3.75% for select construction services) effective 1 April 2019, conditions the cash payment of state tax and strict limits on Input Tax Credit (ITC) except as prescribed in Annexure I (REP other than RREP) and Annexure II (RREP), requires project wise calculation and payment or reversal of ITC attributable to post transition supplies, imposes an 80% registered supplier sourcing threshold with reverse charge treatment for shortfalls and for cement from unregistered persons, creates recipient liability rules where development rights/FSI are transferred for construction, mandates electronic reporting and a one time option form for promoters to elect prescribed rates by 10 May 2019, and inserts definitions and computational rules to implement these obligations. Notifications GST - States Mon, 29 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129703