Input Service Distributor credit distribution must be pro rata based on recipients' state turnover and prescribed documentation. Input Service Distributors must distribute input tax credit by prescribed document, subject to conditions: distribution only against prescribed recipient documents; not exceeding available credit; credit attributable to a single recipient goes only to that recipient; credit attributable to multiple or all recipients is apportioned pro rata based on each recipient's turnover in the State or Union territory during the relevant period to the aggregate turnover of operational recipients.
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 distribution must be pro rata based on recipients' state turnover and prescribed documentation.
Input Service Distributors must distribute input tax credit by prescribed document, subject to conditions: distribution only against prescribed recipient documents; not exceeding available credit; credit attributable to a single recipient goes only to that recipient; credit attributable to multiple or all recipients is apportioned pro rata based on each recipient's turnover in the State or Union territory during the relevant period to the aggregate turnover of operational recipients.
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