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of <h1>Input Service Distributor Must Distribute Input Tax Credit Monthly, Report in FORM GSTR-6, Follow Specific Allocation Steps</h1> The procedure for distributing input tax credit by an Input Service Distributor (ISD) involves several key steps. The ISD must distribute input tax credit within the same month and report it in FORM GSTR-6. Eligible and ineligible credits must be separately distributed, and credits for central, state, union territory, and integrated taxes must be allocated accordingly. The formula C1 = (t1/T) x C is used to determine the credit amount for each recipient. ISD invoices and credit notes are issued for distribution and adjustments. Additional credits from debit notes are distributed similarly, while reductions from credit notes are apportioned based on the original distribution ratio.
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