Input Service Distributor credit allocation must follow pro rata distribution based on each recipient's turnover to aggregate turnover. Distribution of common input tax credit by an Input Service Distributor is to be effected on a pro rata basis, apportioning the aggregate common credit ... Summary
Input Service Distributor credit allocation must follow pro rata distribution based on each recipient's turnover to aggregate turnover.
Distribution of common input tax credit by an Input Service Distributor is to be effected on a pro rata basis, apportioning the aggregate common credit among recipients in proportion to each recipient's turnover relative to the aggregate turnover of all recipients to whom the credit is being distributed.
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