Input tax credit apportionment clarified for construction services using taxable and exempt area basis under GST rules. Restriction of input tax credit under section 17 is clarified for services under item (b) of para 5 of Schedule II, by determining credit attributable to taxable supplies, including zero-rated and exempt supplies, on the basis of the area of the construction that is taxable and the area that is exempt. The Order is a removal of difficulties measure and is stated to have effect from 1 April 2019.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit apportionment clarified for construction services using taxable and exempt area basis under GST rules.
Restriction of input tax credit under section 17 is clarified for services under item (b) of para 5 of Schedule II, by determining credit attributable to taxable supplies, including zero-rated and exempt supplies, on the basis of the area of the construction that is taxable and the area that is exempt. The Order is a removal of difficulties measure and is stated to have effect from 1 April 2019.
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