ITC w.r.t. construction services to be proportioned basis construction area, explains CBIC

CBIC explains that in case of supply of construction services covered under clause (b) of paragraph 5 of Schedule II, ITC attributable to taxable supplies including zero rated supplies and exempt supplies shall be determined on the basis of the area of construction of complex, building, civil structure or a part thereof, which is taxable and the area which is exempt : CBIC Order...