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of <h1>Input Service Distributor Credit Distribution Rules Under Meghalaya GST Act, 2017 Explained: Conditions and Pro Rata Allocation</h1> The Meghalaya Goods and Services Tax Act, 2017, outlines the manner of credit distribution by an Input Service Distributor (ISD). The ISD is responsible for distributing State and integrated tax credits through prescribed documentation. Distribution is subject to conditions: credits must not exceed available amounts, and must be allocated to the appropriate recipients based on attributable input services. For services attributable to multiple recipients, distribution is pro rata based on turnover in the relevant period. The 'relevant period' is determined by the previous financial year's turnover or the last available quarter's turnover if no prior year turnover exists.
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