https://www.taxtmi.com/acts?id=24919 Input Service Distributor must allocate input tax credit between State tax and integrated tax by prescribed document. Distribution conditions include: allocation only against prescribed documents; not exceeding available credit; single recipient credits to that recipient only; multi recipient credits apportioned pro rata based on each recipient's State or Union territory turnover during the relevant period relative to the aggregate turnover of operational recipients; and all recipient credits similarly apportioned. "Relevant period" is the preceding financial year or, if unavailable, the last quarter prior to distribution; "recipient of credit" shares the ISD's PAN; "turnover" excludes certain duties or taxes. en-us Thu, 11 May 2017 10:45:05 +0530 Thu, 11 May 2017 11:58:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24919 Input Service Distributor must allocate input tax credit between State tax and integrated tax by prescribed document. Distribution conditions include: allocation only against prescribed documents; not exceeding available credit; single recipient credits to that recipient only; multi recipient credits apportioned pro rata based on each recipient's State or Union territory turnover during the relevant period relative to the aggregate turnover of operational recipients; and all recipient credits similarly apportioned. "Relevant period" is the preceding financial year or, if unavailable, the last quarter prior to distribution; "recipient of credit" shares the ISD's PAN; "turnover" excludes certain duties or taxes. Act-Rules GST - States Thu, 11 May 2017 10:45:05 +0530 https://www.taxtmi.com/acts?id=24919