Introduction - Manner of distribution & recovery of ITC by Input Service Distributor in GST [section 20 & 21 of CGST Act]

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rvice Tax Regime. * It is important to note that the Input Service Distributor (ISD) mechanism is meant only for distributing the credit on common invoices pertaining to input services only and not goods (inputs or capital goods). Companies may have their head office at one place and units at other places which may be registered separately. The Head Office would be procuring certain services whi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ces or both which receives tax invoices towards the receipt of input services, including invoices in respect of services liable to tax under section 9(3) or (4), for or on behalf of distinct persons referred to in section 25; - An ISD will have to compulsorily take a separate registration as such ISD and apply for the same in form GST REG-1 as per section 24(viii) of CGST Act; - There is no th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... a Facilitation Centre notified by the Commissioner. * Manner of distribution of credit by Input Service Distributor [ Section 20 of CGST Act Read with rule 39 ] [ For more Details refer this chapter ] * Manner of recovery of credit distributed in excess [ Section 21 of CGST Act ] [ For more Details refer this chapter ] * Penalty imposed on ISD [ Section 122(1)(ix) of CGST Act, 2017 ] .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X