TIme limit of One year whehter applicable to Input Service distributor

[Guest]

Dear Sir,

Please explain whether time limit of one year for availing Input Services credit will be applicable to Input Service Distributor also. Please give us any references regarding this. Thanks & regards.

[Rajagopalan Ranganathan]

Sir,

The time limit of one year is applicable to Input Service distributor also. Conditions for taking of credit is same for manufacturer, Output service provider and input service distributor.

[Mahir S]

Yes Sir, as rightly explained above.

[KASTURI SETHI]

I agree with the views of both experts.

[Suryanarayana Sathineni]

Dear sir

whatever stated by Mr. Rajagopalan is absolutely correct and need no further inputs

AI Summary

One-year time limit for availing Input Services credit applies to Input Service Distributors, same as manufacturers and providers. A query was raised regarding whether the one-year time limit for availing Input Services credit applies to Input Service Distributors. Four participants responded, all agreeing that the one-year limit does indeed apply to Input Service Distributors, just as it does to manufacturers and output service providers. The consensus among the respondents was that the conditions for taking credit are consistent across these categories. No additional references were provided, but the agreement among the participants suggests a shared understanding of the applicable regulations.