Input tax credit apportioned by area of construction between taxable, zero-rated and exempt supplies under GST clarification. Clarifies input tax credit apportionment for construction-related services under Schedule II: credit attributable to taxable (including zero-rated) and exempt supplies must be determined by reference to the area of the complex, building, civil structure or part that is taxable versus exempt.
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Input tax credit apportioned by area of construction between taxable, zero-rated and exempt supplies under GST clarification.
Clarifies input tax credit apportionment for construction-related services under Schedule II: credit attributable to taxable (including zero-rated) and exempt supplies must be determined by reference to the area of the complex, building, civil structure or part that is taxable versus exempt.
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