https://www.taxtmi.com/notifications?id=132731 The amendment clarifies that "value of assets" includes all business assets irrespective of ITC availed and revises Rules 42 and 43 to require project level calculation and finalisation of input tax credit for construction services. It prescribes E/F and related area based apportionment formulas, separate computation across tax heads, rules for transition adjustments, assignment of shared inputs and capital goods across projects, reversal or claim procedures through specified returns or recovery forms with interest, and links definitions to the Real Estate (Regulation and Development) Act. en-us Fri, 29 Mar 2019 00:00:00 +0530 Sat, 02 May 2020 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=132731 The amendment clarifies that "value of assets" includes all business assets irrespective of ITC availed and revises Rules 42 and 43 to require project level calculation and finalisation of input tax credit for construction services. It prescribes E/F and related area based apportionment formulas, separate computation across tax heads, rules for transition adjustments, assignment of shared inputs and capital goods across projects, reversal or claim procedures through specified returns or recovery forms with interest, and links definitions to the Real Estate (Regulation and Development) Act. Notifications GST - States Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=132731