Input tax credit apportionment based on taxable versus exempt construction area, determining credit for construction-related services. For services under clause (b) of paragraph 5 of Schedule II, the portion of input tax credit attributable to taxable, zero rated and exempt supplies shall be determined by reference to the area of the complex, building, civil structure or part thereof that is taxable versus the area that is exempt.
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Input tax credit apportionment based on taxable versus exempt construction area, determining credit for construction-related services.
For services under clause (b) of paragraph 5 of Schedule II, the portion of input tax credit attributable to taxable, zero rated and exempt supplies shall be determined by reference to the area of the complex, building, civil structure or part thereof that is taxable versus the area that is exempt.
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