Notification No. 16/2019
Date: March 29, 2019
Subject: Second amendment to CGST Rules, 2017 relating to ITC, real estate projects, demand and recovery forms.
Description:
Amends CGST Rules to prescribe revised methodology for input tax credit reversal in real estate projects. Introduces Rule 88A for order of utilisation of ITC. Substitutes multiple forms relating to assessment, demand, recovery and rectification proceedings.
Previous Notification: Notification No. 3/2017–Central Tax dated 19.06.2017
Effective Date: 29.03.2019 / 01.04.2019 (as specified rule-wise)