Input Service Distributor allocates input tax credit to units with the same PAN and is treated as deemed supplier. An Input Service Distributor is an office of a supplier that receives tax invoices for input services and issues prescribed documents to distribute CGST, ... Summary
Input Service Distributor allocates input tax credit to units with the same PAN and is treated as deemed supplier.
An Input Service Distributor is an office of a supplier that receives tax invoices for input services and issues prescribed documents to distribute CGST, SGST and IGST input tax credit to other taxable units sharing the same PAN, and for credit distribution the ISD is treated as a deemed supplier of services.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
