https://www.taxtmi.com/notifications?id=129982 The notification prescribes differentiated State tax rates for construction services in REP and RREP and mandates cash payment of specified State tax; it establishes project wise formulas (Annexures I and II) to compute eligible ITC (Te) and transition ITC (Tx = T - Te) using carpet area ratios, percentage invoicing, booking values and percentage completion. Where registered supplier receipts fall short of an 80% threshold, promoters must discharge tax on the shortfall (and cement from unregistered suppliers attracts reverse charge). Promoters must maintain project wise inward supply accounts, report shortfalls in returns and may exercise a one time option to pay tax at specified rates for ongoing projects. en-us Fri, 31 May 2019 00:00:00 +0530 Wed, 11 Feb 2026 15:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=129982 The notification prescribes differentiated State tax rates for construction services in REP and RREP and mandates cash payment of specified State tax; it establishes project wise formulas (Annexures I and II) to compute eligible ITC (Te) and transition ITC (Tx = T - Te) using carpet area ratios, percentage invoicing, booking values and percentage completion. Where registered supplier receipts fall short of an 80% threshold, promoters must discharge tax on the shortfall (and cement from unregistered suppliers attracts reverse charge). Promoters must maintain project wise inward supply accounts, report shortfalls in returns and may exercise a one time option to pay tax at specified rates for ongoing projects. Notifications GST - States Fri, 31 May 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=129982