Input service tax credit must be distributed pro rata by turnover among suppliers who used the service in the State. Credit of tax paid on an input service used by more than one supplier must be allocated by the Input Service Distributor among those suppliers who used ... Summary
Input service tax credit must be distributed pro rata by turnover among suppliers who used the service in the State.
Credit of tax paid on an input service used by more than one supplier must be allocated by the Input Service Distributor among those suppliers who used the service in the State, on a pro rata basis according to each supplier's turnover in that State, rather than equally or to a single supplier.
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