https://www.taxtmi.com/article/detailed?id=16141 Input tax credit distribution under the ISD mechanism must follow the point at which credit becomes legally available for distribution, not mere invoice receipt. Section 20 governs distribution of credit, while Rule 39(1)(a) uses the phrase available for distribution in a month to mean the month in which input tax credit satisfies Section 16(2) conditions. The article also notes that Rule 39(1)(a) is to be read purposively, with same-month distribution, audit trail maintenance, and documentation of legal availability treated as compliance safeguards. en-us Mon, 06 Apr 2026 08:52:55 +0530 Mon, 06 Apr 2026 08:52:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16141 Input tax credit distribution under the ISD mechanism must follow the point at which credit becomes legally available for distribution, not mere invoice receipt. Section 20 governs distribution of credit, while Rule 39(1)(a) uses the phrase available for distribution in a month to mean the month in which input tax credit satisfies Section 16(2) conditions. The article also notes that Rule 39(1)(a) is to be read purposively, with same-month distribution, audit trail maintenance, and documentation of legal availability treated as compliance safeguards. Articles Goods and Services Tax - GST Mon, 06 Apr 2026 08:52:55 +0530 https://www.taxtmi.com/article/detailed?id=16141