https://www.taxtmi.com/notifications?id=129927 Amendments effective 1 April 2019 revise valuation and prescribe project-wise calculation, finalisation and reporting of input tax credit for construction services under clause (b) of paragraph 5 of Schedule II. They require use of carpet-area based ratios (E/F) and separate treatment for commercial portions, mandate reversals or claims by September following the financial year of completion/first occupation with interest consequences, allocate credit by tax type, permit assignment across multiple projects, and substitute multiple GST forms and procedures including requirement to declare amounts in FORM GSTR-3B or FORM DRC-03. en-us Fri, 17 May 2019 00:00:00 +0530 Wed, 11 Feb 2026 15:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129927 Amendments effective 1 April 2019 revise valuation and prescribe project-wise calculation, finalisation and reporting of input tax credit for construction services under clause (b) of paragraph 5 of Schedule II. They require use of carpet-area based ratios (E/F) and separate treatment for commercial portions, mandate reversals or claims by September following the financial year of completion/first occupation with interest consequences, allocate credit by tax type, permit assignment across multiple projects, and substitute multiple GST forms and procedures including requirement to declare amounts in FORM GSTR-3B or FORM DRC-03. Notifications GST - States Fri, 17 May 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129927