TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Input Service Distributor must follow Section 20 for fair distribution of input tax credit based on turnover.</h1> The Maharashtra Goods and Services Tax Act, 2017, Section 20 outlines the distribution of input tax credit by an Input Service Distributor (ISD). The ISD distributes State tax as State tax or integrated tax and integrated tax likewise, through prescribed documentation. Distribution conditions include that credit must not exceed available amounts, must be attributed to the correct recipient, and must be distributed pro rata based on turnover in the relevant period. The relevant period is determined by prior financial year turnover or the last available quarter. Recipients must share the same Permanent Account Number as the ISD, and turnover calculations exclude certain duties or taxes.
TaxTMI 
TaxTMI 
