Input tax credit allocation for construction services clarified: apportionment based on taxable and exempt construction area. The Government clarifies that for services under clause (b) of paragraph 5 of Schedule II, the credit attributable to taxable supplies, including zero rated and exempt supplies, shall be determined by reference to the area of the construction, complex, building or civil structure (or part thereof) which is taxable and the area which is exempt.
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Input tax credit allocation for construction services clarified: apportionment based on taxable and exempt construction area.
The Government clarifies that for services under clause (b) of paragraph 5 of Schedule II, the credit attributable to taxable supplies, including zero rated and exempt supplies, shall be determined by reference to the area of the construction, complex, building or civil structure (or part thereof) which is taxable and the area which is exempt.
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