Input service distributor credit rules govern allocation of input tax credit among distinct persons through prescribed compliance. Input tax credit received on input services by an office acting for distinct persons must be distributed through registration as an Input Service Distributor. The credit of central tax or integrated tax is to be allocated in the prescribed manner, within the prescribed time, and subject to prescribed restrictions and conditions, by issue of a document showing the amount of credit being distributed. The provision governs allocation of credit on invoices received for or on behalf of distinct persons, including specified reverse-charge services.
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 credit rules govern allocation of input tax credit among distinct persons through prescribed compliance.
Input tax credit received on input services by an office acting for distinct persons must be distributed through registration as an Input Service Distributor. The credit of central tax or integrated tax is to be allocated in the prescribed manner, within the prescribed time, and subject to prescribed restrictions and conditions, by issue of a document showing the amount of credit being distributed. The provision governs allocation of credit on invoices received for or on behalf of distinct persons, including specified reverse-charge services.
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