https://www.taxtmi.com/article/detailed?id=7983 An Input Service Distributor is an office that claims and distributes input tax credit of eligible services (not goods) to other suppliers with the same PAN; distribution must follow prescribed documentary requirements, not exceed available credit, allocate recipient specific credits to the correct recipients, and apportion multi recipient credits by proportionate turnover in the relevant period. Rule 39 prescribes character of credits (CGST/SGST/IGST) based on recipient location; Rule 54 prescribes ISD invoice particulars. Excess distribution is recoverable with interest under statutory recovery provisions. en-us Tue, 01 May 2018 15:57:03 +0530 Tue, 01 May 2018 15:57:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7983 An Input Service Distributor is an office that claims and distributes input tax credit of eligible services (not goods) to other suppliers with the same PAN; distribution must follow prescribed documentary requirements, not exceed available credit, allocate recipient specific credits to the correct recipients, and apportion multi recipient credits by proportionate turnover in the relevant period. Rule 39 prescribes character of credits (CGST/SGST/IGST) based on recipient location; Rule 54 prescribes ISD invoice particulars. Excess distribution is recoverable with interest under statutory recovery provisions. Articles Goods and Services Tax - GST Tue, 01 May 2018 15:57:03 +0530 https://www.taxtmi.com/article/detailed?id=7983