Dlls not deployed to GAC - SharePoint 2013, Visual Studio 2012, .Net FW 4.5

​When you create a SharePoint 2013 project in Visual Studio 2012 and I want to deploy it, it deploys fine, but DLL is not in the Global Assembly Cache.
We check for assembly in c:\windows\assembly but it does not appear there. Don't panic!!!
Assembly folder for .NET 4.0 and up have changed to c:\windows\microsoft.net\assembly

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