Input tax credit allocation for construction services clarified: apportion credit by taxable and exempt area including zero-rated supplies. The portion 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.
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Input tax credit allocation for construction services clarified: apportion credit by taxable and exempt area including zero-rated supplies.
The portion 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.
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