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Home Acts & Rules GST Draft-Bills-Reports FAQ on GST dated 21.9.2016 based on Draft Model GST Chapter 11 = Concept of Input Service Distributor in GST Chapters List This

Concept of Input Service Distributor in GST - FAQ on GST dated 21.9.2016 based on Draft Model GST

Chapter: 11
Concept of Input Service Distributor in GST
Question 1	:	What is Input Service Distributor (ISD)?
Question 2	:	What are the requirements for registration as ISD?
Question 3	:	What are the conditions/restrictions for distribution of credit?
Question 4	:	Is the ISD required to file return?
Question 5	:	Can a company have multiple ISD?
Question 6	:	What are the provisions for recovery of excess/ wrongly distributed credit by ISD?
Question 7	:	Whether CGST and IGST credit can be distributed by ISD as IGST credit to units located in different States?
Question 8	:	Whether SGST credit can be distributed as IGST credit by an ISD to units located in different States?
Question 9	:	Whether the ISD can distribute the CGST and IGST Credit as CGST credit?
Question 10	:	Whether the SGST and IGST Credit can be distributed as SGST credit?
Question 11	:	What are the documents through which the credit can be distributed by an ISD?
Question 12	:	How to distribute common credit among all the units of an ISD?
Question 13	:	Q 13. The ISD may distribute the CGST and IGST credit to recipient outside the State as_______ (a) IGST (b) CGST (c)SGST
Question 14	:	The ISD may distribute the CGST credit within the State as____ (a) IGST (b) CGST (c) SGST (d) Any of the above.
Question 15	:	The credit of tax paid on input service used by more than one supplier is ________ (a) Distributed among the suppliers who used such input service on pro rata basis of turnover in such State. (b) Distributed equally among all the suppliers. (c) Distributed only to one supplier. (d) Cannot be distributed.
Question 16	:	Whether the excess credit distributed could be recovered by the department?
Question 17	:	What are the consequences of credit distributed in contravention of the provisions of the Act?

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