https://www.taxtmi.com/article/detailed?id=14021 The Finance Act amended the ISD framework to mandate ISD registration for head offices receiving services on behalf of branches and to require distribution of input tax credit through the ISD mechanism, including credits on reverse charge transactions. Cross charge remains the route for internally generated support services where suppliers must issue tax invoices and valuation follows applicable rules. Practical compliance obligations include ISD registration, separate ISD ledgers, reconciliation with portal data, pro rata distribution under the prescribed rule, filing the ISD return, issuing ISD invoices, and ERP and procedural updates. en-us Fri, 04 Apr 2025 07:17:00 +0530 Fri, 04 Apr 2025 07:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14021 The Finance Act amended the ISD framework to mandate ISD registration for head offices receiving services on behalf of branches and to require distribution of input tax credit through the ISD mechanism, including credits on reverse charge transactions. Cross charge remains the route for internally generated support services where suppliers must issue tax invoices and valuation follows applicable rules. Practical compliance obligations include ISD registration, separate ISD ledgers, reconciliation with portal data, pro rata distribution under the prescribed rule, filing the ISD return, issuing ISD invoices, and ERP and procedural updates. Articles Goods and Services Tax - GST Fri, 04 Apr 2025 07:17:00 +0530 https://www.taxtmi.com/article/detailed?id=14021