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 ... Summary
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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