https://www.taxtmi.com/acts?id=29416 Input Service Distributors must distribute input tax credit by prescribed document, ensuring distribution does not exceed available credit. Credits attributable to a single recipient go solely to that recipient; credits attributable to multiple or all recipients are apportioned pro rata based on each recipient's turnover in the State or Union territory during the relevant period relative to the aggregate turnover of operational recipients. Relevant period is the preceding financial year when available or otherwise the last quarter for which turnover details exist. Recipient of credit is the supplier with the same PAN as the ISD, and turnover excludes specified duties or taxes. en-us Tue, 04 Jul 2017 15:01:18 +0530 Thu, 27 Jul 2017 16:42:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29416 Input Service Distributors must distribute input tax credit by prescribed document, ensuring distribution does not exceed available credit. Credits attributable to a single recipient go solely to that recipient; credits attributable to multiple or all recipients are apportioned pro rata based on each recipient's turnover in the State or Union territory during the relevant period relative to the aggregate turnover of operational recipients. Relevant period is the preceding financial year when available or otherwise the last quarter for which turnover details exist. Recipient of credit is the supplier with the same PAN as the ISD, and turnover excludes specified duties or taxes. Act-Rules GST - States Tue, 04 Jul 2017 15:01:18 +0530 https://www.taxtmi.com/acts?id=29416