https://www.taxtmi.com/notifications?id=130204 Amendments define value of assets and prescribe project-level rules for input tax credit apportionment and finalisation for construction services under Schedule II clause (b). Carpet-area ratios (E/F) determine taxable/exempt attribution, with specific formulas for components (C3, D1, D2, Te, Tcfinal) and separate computations for tax heads. Excesses after finalisation must be reversed in FORM GSTR-3B or FORM DRC-03 with interest or claimed as credit within the specified return period. Capital goods, commercial portions, cross-project allocation, RREP exceptions, order of ITC utilisation, and substituted assessment and demand forms are also prescribed. en-us Fri, 29 Mar 2019 00:00:00 +0530 Fri, 12 Jul 2019 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=130204 Amendments define value of assets and prescribe project-level rules for input tax credit apportionment and finalisation for construction services under Schedule II clause (b). Carpet-area ratios (E/F) determine taxable/exempt attribution, with specific formulas for components (C3, D1, D2, Te, Tcfinal) and separate computations for tax heads. Excesses after finalisation must be reversed in FORM GSTR-3B or FORM DRC-03 with interest or claimed as credit within the specified return period. Capital goods, commercial portions, cross-project allocation, RREP exceptions, order of ITC utilisation, and substituted assessment and demand forms are also prescribed. Notifications GST - States Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=130204