Input tax credit apportionment clarified: construction service credit allocated by taxable versus exempt area of the structure. Input tax credit for services covered by clause (b) of paragraph 5 of Schedule II shall be apportioned between taxable (including zero-rated) and exempt supplies by reference to the area of the complex, building, civil structure or part thereof which is taxable and the area which is exempt, such apportionment implementing the restriction on input tax credit prescribed under the Act.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit apportionment clarified: construction service credit allocated by taxable versus exempt area of the structure.
Input tax credit for services covered by clause (b) of paragraph 5 of Schedule II shall be apportioned between taxable (including zero-rated) and exempt supplies by reference to the area of the complex, building, civil structure or part thereof which is taxable and the area which is exempt, such apportionment implementing the restriction on input tax credit prescribed under the Act.
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