https://www.taxtmi.com/notifications?id=142926 The Ordinance revises the ISD definition and replaces the section governing distribution of input tax credit, requiring offices receiving invoices for input services to register as Input Service Distributors and to distribute state or integrated tax credit in prescribed manners, times and under specified conditions. It also inserts a penal provision imposing a monetary penalty for each machine not registered under a notified special registration procedure and subjects such machines to seizure and confiscation unless the penalty is paid and registration is completed within the prescribed short period after notification. en-us Thu, 14 Nov 2024 00:00:00 +0530 Thu, 19 Dec 2024 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=142926 The Ordinance revises the ISD definition and replaces the section governing distribution of input tax credit, requiring offices receiving invoices for input services to register as Input Service Distributors and to distribute state or integrated tax credit in prescribed manners, times and under specified conditions. It also inserts a penal provision imposing a monetary penalty for each machine not registered under a notified special registration procedure and subjects such machines to seizure and confiscation unless the penalty is paid and registration is completed within the prescribed short period after notification. Notifications GST - States Thu, 14 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=142926