Input Service Distributor credit distribution governed by allocation rules, prescribed documentation, and supplier attribution with pro rata apportionment. Input Service Distributor credit distribution requires a prescribed document stating amounts distributed; inter state situations treat CGST/SGST and IGST ... Summary
Input Service Distributor credit distribution governed by allocation rules, prescribed documentation, and supplier attribution with pro rata apportionment.
Input Service Distributor credit distribution requires a prescribed document stating amounts distributed; inter state situations treat CGST/SGST and IGST as IGST, while intra state business verticals treat CGST/SGST and IGST respectively as CGST/SGST; distribution must not exceed available credit, must follow supplier attribution rules, and multi supplier credits must be apportioned pro rata by each supplier's State turnover during the relevant period.
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