Input tax credit apportionment based on taxable versus exempt construction area, guiding GST credit allocation for construction services. For construction-related services covered by the relevant entry in the Act, the amount of input tax credit attributable to taxable supplies, including zero rated and exempt supplies, shall be determined by reference to the area of the construction, complex, building, civil structure or part thereof that is taxable and the area that is exempt.
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Input tax credit apportionment based on taxable versus exempt construction area, guiding GST credit allocation for construction services.
For construction-related services covered by the relevant entry in the Act, the amount of input tax credit attributable to taxable supplies, including zero rated and exempt supplies, shall be determined by reference to the area of the construction, complex, building, civil structure or part thereof that is taxable and the area that is exempt.
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