https://www.taxtmi.com/article/detailed?id=7917 An Input service distributor (ISD) receives service tax invoices and redistributes input tax credit to branches with the same PAN, subject to prescribed documentary requirements, monthly distribution timing, and not exceeding available credit. Distribution follows Section 20 and Rule 39: credits directly attributable to one recipient go only to that recipient; where services benefit multiple recipients, credits are apportioned pro rata by each recipient's turnover for the relevant period using C1 = (t1 / T) x C. Separate treatment is required for eligible/ineligible credits and for IGST/CGST/SGST/UTGST, with prescribed ISD invoice and GSTR-6 reporting obligations. en-us Mon, 12 Mar 2018 05:42:20 +0530 Mon, 12 Mar 2018 05:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7917 An Input service distributor (ISD) receives service tax invoices and redistributes input tax credit to branches with the same PAN, subject to prescribed documentary requirements, monthly distribution timing, and not exceeding available credit. Distribution follows Section 20 and Rule 39: credits directly attributable to one recipient go only to that recipient; where services benefit multiple recipients, credits are apportioned pro rata by each recipient's turnover for the relevant period using C1 = (t1 / T) x C. Separate treatment is required for eligible/ineligible credits and for IGST/CGST/SGST/UTGST, with prescribed ISD invoice and GSTR-6 reporting obligations. Articles Goods and Services Tax - GST Mon, 12 Mar 2018 05:42:20 +0530 https://www.taxtmi.com/article/detailed?id=7917