https://www.taxtmi.com/notifications?id=133456 Amendments clarify that value of assets includes all business assets and introduce project wise rules for calculating and finally determining input tax credit for construction services under Schedule II. They prescribe the E/F ratio based on carpet area (including rules for unbooked apartments on issuance of completion certificate or first occupation), require separate computation of C3, D1, D2 and common credits for commercial portions, and mandate reversal or claim of excess amounts through FORM GSTR-3B or FORM GST DRC-03 by the September return following the financial year of project completion, with interest where applicable. en-us Fri, 29 Mar 2019 00:00:00 +0530 Wed, 08 Jul 2020 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=133456 Amendments clarify that value of assets includes all business assets and introduce project wise rules for calculating and finally determining input tax credit for construction services under Schedule II. They prescribe the E/F ratio based on carpet area (including rules for unbooked apartments on issuance of completion certificate or first occupation), require separate computation of C3, D1, D2 and common credits for commercial portions, and mandate reversal or claim of excess amounts through FORM GSTR-3B or FORM GST DRC-03 by the September return following the financial year of project completion, with interest where applicable. Notifications GST - States Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=133456