Input Service Distributor allocation of common credit must be pro rata by unit turnover across recipient units. An Input Service Distributor must apportion common input tax credit among recipient units by distributing credit in proportion to each unit's turnover ... Summary
Input Service Distributor allocation of common credit must be pro rata by unit turnover across recipient units.
An Input Service Distributor must apportion common input tax credit among recipient units by distributing credit in proportion to each unit's turnover relative to the aggregate turnover of all units to which the credit is distributed; the common credit is treated as a pool and allocated pro rata according to each unit's share of total turnover.
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