Input tax credit apportionment based on construction area for taxable, zero-rated and exempt supplies clarified. The Order directs that input tax credit attributable to taxable supplies, including zero-rated and exempt supplies for services covered by clause (b) of paragraph 5 of Schedule II, shall be determined on the basis of the area of the construction, building or civil structure (or part thereof) which is taxable and the area which is exempt.
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Input tax credit apportionment based on construction area for taxable, zero-rated and exempt supplies clarified.
The Order directs that input tax credit attributable to taxable supplies, including zero-rated and exempt supplies for services covered by clause (b) of paragraph 5 of Schedule II, shall be determined on the basis of the area of the construction, building or civil structure (or part thereof) which is taxable and the area which is exempt.
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