TaxTMI 
TaxTMI 
TaxTMI 
For Input Service Distributors Registration - Reg.
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....or Input Service Distributors Registration - Reg.<br> Query (Issue) Started By: - RAM SHARMA Dated:- 15-9-2016 Last Reply Date:- 20-9-2016 Service Tax<br>Got 14 Replies<br>Service Tax<br>Dear Experts, We have 3 units registered with seperate excise and service tax registration no. We have centralised bank of all the three units and want to take service tax credit on such bank charges. By doing th....
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....is we have to take Input Distributors Registration. At this stage, what precaution and procedure to be taken for apply input distributors Registration. Please advice. Reply By Ganeshan Kalyani: The Reply: Pls. Go through the link. http://INPUT SERVICE DISTRIBUTOR MEANING & SCOPE Reply By RAM SHARMA: The Reply: Dear Sir, Unable to Go through this link. Please summarise your views. Thanks & R....
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....egards Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you are having a head office for these three units? If so head office is to take registration as Input Service Tax Distributor and then credit may be distributed to these three units. Reply By YAGAY AND SUN: The Reply: Rule 7 : Manner of distribution of credit by input service distributor Rule 7A : Distribution of credit on inputs by th....
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....e office or any other premises of output service provider Rule 7B : Distribution of credit on inputs by warehouse of manufacturer Reply By Ganeshan Kalyani: The Reply: The registration type should be selected and centralised, the address of the head office and the units address to be incorporated in the registration application. The application should be filed online first followed by submission....
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.... of hard copy to the jurisdiction service tax department. Regarding distribution of credit, the credit to be distributed in units turnover ratio. If the bank charges is incurred specific to one unit then the credit should be distributed to that unit only. Only common credits to be distributed in turnover ratio. Thanks. Reply By YAGAY AND SUN: The Reply: It is a settled law that for distribut....
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....ion of CENVAT credit the registration with the revenue authority is not mandatory. Reply By KASTURI SETHI: The Reply: Better option is to obtain registration as ISD. Why to invite trouble unnecessarily ? Govt. has framed rules for following and honouring the same. There is some purposes behind making any rule. Reply By RAM SHARMA: The Reply: Dear Sir, Whether we have to close all existing reg....
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....istration for taken new ISD and follow new rule for service tax return filling. Please advice. Thanks Reply By Ganeshan Kalyani: The Reply: The registration existing for the unit shall continue. You will have to get it for HO. From HO you would be able to issue ISD invoice. Thanks. Reply By KASTURI SETHI: The Reply: Rightly advised by Sh.Ganeshan Kalyani, Sir. Reply By RAM SHARMA: The Reply:....
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.... Dear Experts, If today onward, we go to ISD Registration then we can avail service tax credit preceding one year. Please advice. Thanks Reply By Ganeshan Kalyani: The Reply: Sir, credit of invoice dated back to one year is not allowed. Credit is allowed to be taken within one year of the date of invoice. Thanks. Reply By YAGAY AND SUN: The Reply: Distribution of Credit beyond the limit of ....
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....One Year won't be possible, if this is the scenario, better to book in either in expense account or capitalize it but do not show in current assets account. Reply By Ganeshan Kalyani: The Reply: Accounting aspect has also become essential in view of Detailed manual scrutiny initiated by the department. Hence matching the cenvat register / service tax return with books of accounts become nece....
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....ssary. Thanks.<br> Discussion Forum - Knowledge Sharing ....