Input tax credit apportionment to be determined by taxable versus exempt construction area for construction service supplies. The Order directs that for services under paragraph 5(b) 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 complex, building, civil structure or part thereof that is taxable versus the area that is exempt, providing an area-based method for pro rata allocation of credit.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit apportionment to be determined by taxable versus exempt construction area for construction service supplies.
The Order directs that for services under paragraph 5(b) 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 complex, building, civil structure or part thereof that is taxable versus the area that is exempt, providing an area-based method for pro rata allocation of credit.
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