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?

[Mukesh Kumar]

There is no prescribed formula for the purpose. Rule 6(1), 6(2) and 6(3) are to be applied carefully.

AI Summary

ISD credit distribution lacks a prescribed formula; apportionment must follow statutory allocation rules and principles. ISD credit distribution requires allocation of input service credits between exempt and dutiable units for common corporate office expenditure; there is no prescribed formula and allocation must follow the principles and procedures in Rule 6(1), 6(2) and 6(3) to determine the share attributable to exempted and dutiable units.