ISD

[jitendra Gupta]

what is the formula for credit to be distributed among the exempted unit and dutable unit under ISD for common expenditure incurred by the corporate office/ registered office?

AI Summary

No Specific Formula for Credit Distribution Between Exempted and Dutiable Units; Apply Rule 6(1), 6(2), 6(3). A query was raised regarding the formula for distributing credit between exempted and dutiable units under Input Service Distributor (ISD) for common expenditures incurred by a corporate or registered office. The response indicated that there is no specific formula prescribed for this purpose. Instead, it was advised to carefully apply Rule 6(1), 6(2), and 6(3) when addressing this issue.