TaxTMI 
TaxTMI 
Manner of distribution of credit by Input Service Distributor
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....vices liable to tax under sub-section (3) or sub-section (4) of section 9 ^3[of this Act or under sub-section (3) or sub-section (4) of section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017)], for or on behalf of distinct persons referred to in section 25, shall be required to be registered as Input Service Distributor under clause (viii) of section 24 and shall distribute the i....
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....ax, by way of issue of a document containing the amount of input tax credit, in such manner as may be prescribed.] **************** NOTES:- 1. Substituted vide Section 10 of the Central Goods and Services Tax (Amendment) Act, 2018 w.e.f 01-02-2019 before it was read as, "under entry 84" 2. Substituted vide Section 12 of the Finance Act, 2024 w.e....
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....redit of tax paid on input services attributable to a recipient of credit shall be distributed only to that recipient; (d) the credit of tax paid on input services attributable to more than one recipient of credit shall be distributed amongst such recipients to whom the input service is attributable and such distribution shall be pro rata on the basis of the turnover in a State or turnove....
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.... the recipients of credit have turnover in their States or Union territories in the financial year preceding the year during which credit is to be distributed, the said financial year; or (ii) if some or all recipients of the credit do not have any turnover in their States or Union territories in the financial year preceding the year during which the credit is to be distributed, the last ....