https://www.taxtmi.com/notifications?id=133650 Amendment revises classification and state tax rates for construction and works contracts in real estate projects, prescribes an option for promoters in ongoing projects to elect alternative tax rates with transitional invoice treatment, conditions input tax credit on a threshold of inward supplies from registered suppliers and prescribes reverse charge payment on any shortfall or on specified supplies from unregistered persons, mandates project-wise accounting and reporting of ineligible credits, and inserts detailed definitions and valuation rules for transfers of development rights or FSI, effective from 1st April, 2019. en-us Thu, 02 May 2019 00:00:00 +0530 Mon, 27 Jul 2020 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=133650 Amendment revises classification and state tax rates for construction and works contracts in real estate projects, prescribes an option for promoters in ongoing projects to elect alternative tax rates with transitional invoice treatment, conditions input tax credit on a threshold of inward supplies from registered suppliers and prescribes reverse charge payment on any shortfall or on specified supplies from unregistered persons, mandates project-wise accounting and reporting of ineligible credits, and inserts detailed definitions and valuation rules for transfers of development rights or FSI, effective from 1st April, 2019. Notifications GST - States Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=133650