https://www.taxtmi.com/notifications?id=129798 Amendment revises State GST rates and conditions for construction supplies in real estate projects, prescribing specified rates for affordable and non affordable residential and commercial apartments, imposing cash payment of state tax at those rates, restricting ITC except as prescribed in Annexures I and II, requiring promoters to remit ITC attributable to construction for supplies with time of supply on or after 1 April 2019, and applying reverse charge where inputs from registered suppliers fall below 80% or where cement is procured from unregistered persons; it also adds valuation for transfer of development rights, expanded definitions, project wise ITC allocation formulas, compliance reporting and a one time option form. en-us Thu, 25 Apr 2019 00:00:00 +0530 Mon, 20 May 2019 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129798 Amendment revises State GST rates and conditions for construction supplies in real estate projects, prescribing specified rates for affordable and non affordable residential and commercial apartments, imposing cash payment of state tax at those rates, restricting ITC except as prescribed in Annexures I and II, requiring promoters to remit ITC attributable to construction for supplies with time of supply on or after 1 April 2019, and applying reverse charge where inputs from registered suppliers fall below 80% or where cement is procured from unregistered persons; it also adds valuation for transfer of development rights, expanded definitions, project wise ITC allocation formulas, compliance reporting and a one time option form. Notifications GST - States Thu, 25 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129798