https://www.taxtmi.com/circulars?id=66656 HO may distribute ITC for common input services either via ISD (requiring ISD registration) or by issuing tax invoices to BOs, with ISD distribution allowed only if services are attributable to or actually provided to BOs. For internally generated services, if the recipient BO is eligible for full ITC the invoice value declared is deemed the open market value; absence of an invoice may be treated as Nil value deemed to be open market value. Salary cost of HO employees need not be mandatorily included in the taxable value even where BO lacks full ITC. en-us Fri, 21 Jul 2023 00:00:00 +0530 Mon, 24 Jul 2023 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66656 HO may distribute ITC for common input services either via ISD (requiring ISD registration) or by issuing tax invoices to BOs, with ISD distribution allowed only if services are attributable to or actually provided to BOs. For internally generated services, if the recipient BO is eligible for full ITC the invoice value declared is deemed the open market value; absence of an invoice may be treated as Nil value deemed to be open market value. Salary cost of HO employees need not be mandatorily included in the taxable value even where BO lacks full ITC. Circulars GST - States Fri, 21 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66656