Input Service Distributor rules and machine registration penalties are tightened under the Uttar Pradesh GST amendment. The Uttar Pradesh Goods and Services Tax Act, 2017 is amended to redefine Input Service Distributor and to substitute section 20 governing distribution of input tax credit by such distributor. The amended scheme requires registration, prescribes distribution of State tax and integrated tax credit in the manner and within the limits provided by law, and regulates the treatment of credit for specified services received on behalf of distinct persons. It also inserts a penalty for breach of the notified special procedure for registration of machines used in manufacture of goods, with seizure and confiscation consequences subject to the stated proviso.
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Input Service Distributor rules and machine registration penalties are tightened under the Uttar Pradesh GST amendment.
The Uttar Pradesh Goods and Services Tax Act, 2017 is amended to redefine Input Service Distributor and to substitute section 20 governing distribution of input tax credit by such distributor. The amended scheme requires registration, prescribes distribution of State tax and integrated tax credit in the manner and within the limits provided by law, and regulates the treatment of credit for specified services received on behalf of distinct persons. It also inserts a penalty for breach of the notified special procedure for registration of machines used in manufacture of goods, with seizure and confiscation consequences subject to the stated proviso.
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