Input tax credit allocation based on taxable and exempt construction area, including zero-rated supplies, effective from April first. For services covered by clause (b) of paragraph 5 of Schedule II, the amount of input tax credit attributable to taxable supplies, including zero-rated supplies and exempt supplies, shall be determined on the basis of the area of the construction of the complex, building, civil structure or part thereof which is taxable and the area which is exempt; this clarification takes effect from 1 April 2019.
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 allocation based on taxable and exempt construction area, including zero-rated supplies, effective from April first.
For services covered by clause (b) of paragraph 5 of Schedule II, the amount of input tax credit attributable to taxable supplies, including zero-rated supplies and exempt supplies, shall be determined on the basis of the area of the construction of the complex, building, civil structure or part thereof which is taxable and the area which is exempt; this clarification takes effect from 1 April 2019.
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