https://www.taxtmi.com/forum/issue?id=1626 An ISD may distribute only credits eligible under statute; credits attributable to non-taxable activities cannot be availed through the ISD except where a statutory exception permits it. The auditor's view that the corporate office should distribute only credit related to the manufacturing unit is consistent with this principle, and a corresponding reversal by the recipient unit can regularize any improper credit use. en-us Fri, 27 Nov 2009 13:33:05 +0530 Thu, 23 Jan 2025 15:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1626 An ISD may distribute only credits eligible under statute; credits attributable to non-taxable activities cannot be availed through the ISD except where a statutory exception permits it. The auditor's view that the corporate office should distribute only credit related to the manufacturing unit is consistent with this principle, and a corresponding reversal by the recipient unit can regularize any improper credit use. Discussion-Forum Service Tax Fri, 27 Nov 2009 13:33:05 +0530 https://www.taxtmi.com/forum/issue?id=1626