Rajasthan Goods and Services Tax (Second Amendment) Rules, 2024

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..... (2) These rules shall come into force with effect from a date to be notified by the Government. 2. In the said rules, in rule 39, - (i) for sub-rule (1), the following sub-rule shall be substituted, namely: - "(1) An Input Service Distributor shall distribute input tax credit in the manner and subject to the following conditions, namely: - (a) the input tax credit available for distribution in a month shall be distributed in the same month and the details thereof shall be furnished in FORM GSTR-6 in accordance with the provisions of Chapter VIll of these rules; (b) the amount of the credit distributed shall not exceed the amount of credit available for distribution; (c) the credit of tax ....

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....be calculated by applying the following formula -  C 1 = (t 1 / T) x C where, "C" is the amount of credit to be distributed, "t1 " is the turnover, as referred to in clause (d) and (e), of person R1 during the relevant period, and "T" is the aggregate of the turnover, during the relevant period, of all recipients to whom the input service is attributable in accordance with the provisions of clause (d) and (e); (g) the Input Service Distributor shall, in accordance with the provisions  of clause (d) and (e), separately distribute the amount of ineligible  input tax credit (ineligible under the provisions of sub-section (5) of  section 17 or otherwise) and the amou....

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.... for reduction of credit in case the input tax credit already distributed gets reduced for any reason; (m) any additional amount of input tax credit on account of issuance of a debit note to an Input Service Distributor by the supplier shall be distributed in the manner and subject to the conditions specified in clauses (a) to (j) and the amount attributable to any recipient shall be calculated in the manner provided in clause (f) and such credit shall be distributed in the month in which the debit note is included in the return in FORM GSTR-6; (n) any input tax credit required to be reduced on account of issuance of a credit note to the Input Service Distributor by the supplier shall be apportioned to each recipient in th....