Input tax credit attribution for construction services determined by taxable versus exempt area, guiding GST credit apportionment. Clarifies that for construction-related services covered by the relevant Schedule II entry, the input tax credit attributable to taxable supplies, including zero rated and exempt supplies, shall be apportioned on the basis of the area of the construction that is taxable versus the area that is exempt, thereby determining the extent of credit claimable.
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Input tax credit attribution for construction services determined by taxable versus exempt area, guiding GST credit apportionment.
Clarifies that for construction-related services covered by the relevant Schedule II entry, the input tax credit attributable to taxable supplies, including zero rated and exempt supplies, shall be apportioned on the basis of the area of the construction that is taxable versus the area that is exempt, thereby determining the extent of credit claimable.
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