Input tax credit apportionment based on construction area for taxable, zero-rated and exempt supplies clarified. For services covered by clause (b) of paragraph 5 of Schedule II, the input tax credit attributable to taxable supplies-including zero-rated and exempt supplies-shall be determined on the basis of the area of the complex, building, civil structure or part thereof which is taxable compared to the area which is exempt.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit apportionment based on construction area for taxable, zero-rated and exempt supplies clarified.
For services covered by clause (b) of paragraph 5 of Schedule II, the input tax credit attributable to taxable supplies-including zero-rated and exempt supplies-shall be determined on the basis of the area of the complex, building, civil structure or part thereof which is taxable compared to the area which is exempt.
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