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of <h1>Rule 39: Input Service Distributor Must Allocate Input Tax Credit Monthly Based on Recipient Turnover, Issue Invoices & Credit Notes.</h1> The Central Goods and Services Tax Rules, 2017, Rule 39 outlines the procedure for distributing input tax credit by an Input Service Distributor (ISD). The ISD must distribute the input tax credit available each month to the respective recipients, ensuring the credit does not exceed the available amount. Distribution is based on the turnover of the recipients in a state or union territory, and credits are categorized into central, state, union territory, and integrated taxes. The ISD must issue invoices and credit notes for distribution and adjustments, and any additional or reduced credits are managed according to specified conditions.
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