For Input Service Distributors Registration - Reg.

[RAM SHARMA]

Dear Experts,

We have 3 units registered with seperate excise and service tax registration no. We have centralised bank of all the three units and want to take service tax credit on such bank charges. By doing this we have to take Input Distributors Registration. At this stage, what precaution and procedure to be taken for apply input distributors Registration. Please advice.

AI Summary

Exploring ISD Registration for Service Tax Credit: Process, Timing, and Compliance for Head Office and Units A discussion forum addresses the process and considerations for obtaining Input Service Distributor (ISD) registration for service tax credit distribution among units with separate excise and service tax registrations. Participants discuss the necessity of registering the head office as ISD, the procedure for applying, and the distribution of credits based on turnover ratios. It is clarified that existing unit registrations should remain active, and ISD invoices can be issued from the head office. The forum also highlights that service tax credit can only be claimed within one year from the invoice date and emphasizes compliance with accounting practices to align with departmental scrutiny.