https://www.taxtmi.com/acts?id=28012 Input Service Distributors must allocate input tax credit by issuing a prescribed document and may distribute credit only against such documents, not exceeding available credit. Credits attributable to a single recipient go solely to that recipient, while credits attributable to multiple recipients are allocated pro rata based on each recipient's turnover in the State or Union territory during the relevant period. The relevant period is generally the preceding financial year or, if turnover is unavailable, the last quarter before distribution. "Recipient of credit" is a supplier sharing the same Permanent Account Number as the Input Service Distributor. en-us Tue, 27 Jun 2017 12:25:01 +0530 Thu, 06 Jul 2017 11:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=28012 Input Service Distributors must allocate input tax credit by issuing a prescribed document and may distribute credit only against such documents, not exceeding available credit. Credits attributable to a single recipient go solely to that recipient, while credits attributable to multiple recipients are allocated pro rata based on each recipient's turnover in the State or Union territory during the relevant period. The relevant period is generally the preceding financial year or, if turnover is unavailable, the last quarter before distribution. "Recipient of credit" is a supplier sharing the same Permanent Account Number as the Input Service Distributor. Act-Rules GST - States Tue, 27 Jun 2017 12:25:01 +0530 https://www.taxtmi.com/acts?id=28012