https://www.taxtmi.com/manuals?id=4563 Under amended Section 20 and Rule 39 (effective 01.04.2025) an Input Service Distributor must distribute monthly available input tax credit within the same month via FORM GSTR-6, not exceeding available credit, allocating credit attributable to single recipients solely to them and allocating credit attributable to multiple recipients pro rata by each recipient's State/UT turnover during the relevant period. Distribution distinguishes eligible and ineligible ITC and segregates by tax head; integrated tax remains IGST, while central and State/UT tax are allocated as such or converted to IGST for out-of-State recipients. ISD invoices, credit and debit notes govern issuance and adjustments; wrongful or later reductions are apportioned per the prescribed formula C1 = (t1/T) x C and reflected in the monthly GSTR-6 filing. en-us Mon, 22 Jul 2024 17:40:00 +0530 Thu, 09 Oct 2025 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4563 Under amended Section 20 and Rule 39 (effective 01.04.2025) an Input Service Distributor must distribute monthly available input tax credit within the same month via FORM GSTR-6, not exceeding available credit, allocating credit attributable to single recipients solely to them and allocating credit attributable to multiple recipients pro rata by each recipient's State/UT turnover during the relevant period. Distribution distinguishes eligible and ineligible ITC and segregates by tax head; integrated tax remains IGST, while central and State/UT tax are allocated as such or converted to IGST for out-of-State recipients. ISD invoices, credit and debit notes govern issuance and adjustments; wrongful or later reductions are apportioned per the prescribed formula C1 = (t1/T) x C and reflected in the monthly GSTR-6 filing. Manuals GST Mon, 22 Jul 2024 17:40:00 +0530 https://www.taxtmi.com/manuals?id=4563