Input tax credit apportionment based on taxable versus exempt construction area clarified for construction-related services. For services under clause (b) of paragraph 5 of Schedule II, the portion 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 that is taxable versus the area that is exempt, establishing a spatial basis for apportionment of credit.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit apportionment based on taxable versus exempt construction area clarified for construction-related services.
For services under clause (b) of paragraph 5 of Schedule II, the portion 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 that is taxable versus the area that is exempt, establishing a spatial basis for apportionment of credit.
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