Now that there is T+1 if i do btst i.e buy on monday afternoon and sell on tuesday morning will i get full proceeds on tuesday itself or on 80 % and the rest on wednesday?
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You will get 80% on Tuesday and and the rest on Wednesday.
You can check on this support article to know more about BTST. 
Note: DP charges shall also be applicable for BTST trades.
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If i sell in the morning say 9.30 am will i still get 80 % of the proceeds immediately to utilise? As most of the time i have seen the shares get credited only in the afternoon(cdsl email).Does that matter what time the shares get credited to your account?
Yes you can utilize them immediately
ok thanks!