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