Input Service Distributor reporting: use the ISD return to record credit received and distributed; no separate supply statements required. ISDs must report input tax credit received from service providers and its distribution to eligible units through the single prescribed ISD return; therefore, they need not file separate inward and outward supply statements, as the ISD return itself contains the required receipt and distribution details for credit matching.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input Service Distributor reporting: use the ISD return to record credit received and distributed; no separate supply statements required.
ISDs must report input tax credit received from service providers and its distribution to eligible units through the single prescribed ISD return; therefore, they need not file separate inward and outward supply statements, as the ISD return itself contains the required receipt and distribution details for credit matching.
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