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; ... Summary
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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