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TMI BlogTax Invoices to be received by an ISD for distributionX X X X Extracts X X X X X X X X Extracts X X X X ..... Our Client whose Head Office is a registered Taxpayer since Jul-2017 as provider of services, is also liable to pay GST under RCM, Import of Services ,etc. and is also receiving tax Invoices from many service providers who are providing common services to all or some of its manufacturing plants as well as branches and depots. He has been receiving these Invoices under the Registered GSTIN as a ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xpayer since Jul-2017. Now realising that the ITC claimed on these supplies is getting accumulated unnecessary blocking the find flow, he has a separate obtained the Registration as an ISD. Now, my query is that does he need to get the Tax Invoices from the suppliers of common services to have the New GSTIN as an ISD or can he distribute the ITC covered under the Invoices received with the old GST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IN for distribution? Please advice. - Reply By KASTURI SETHI - The Reply = In this scenario , a separate registration as ISD is required. - Reply By Ganeshan Kalyani - The Reply = Sir, just like GSTR 2A there is GSTR 6A for the Input Service Distributor (ISD). If you obtain new no. for ISD the old invoices will not get populated to new no. Therefore, after obtaining ISD no. share the sam ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e with your supplier of common services. Then you can distribute the credit. - Reply By Ganeshan Kalyani - The Reply = As regard accumulated credit in the existing GSTIN you can check for applying refund u/s 54 of CGST Act . - Reply By Vinay Kunte - The Reply = Thank you Shri. Kasturi Sethi Ji and Shri. Ganeshan Kalyani Ji, for the valuable guidance for procedure to be adopted for distrib ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ution of ITC by the newly registered Input Service distributor and possible Refund of ITC accumulated for the past periods in respect of the Common Services received. - Reply By Amit Agrawal - The Reply = Dear Shri Ganeshan Kalyani Ji, I am not sure I have understood how refund u/s 54 is possible for past accumulated ITC in given scenario. Request you to please elaborate the same along-w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ith relevant clauses of Section 54 rules therefor. - Reply By Shilpi Jain - The Reply = Agree that refund may not be possible in this case. For complying with law you could consider billing from the gstin which has got the ITC invoices of goods and services used at other gstin, by treating it as a supply of service/goods to other branches. Else let it get used up in the existing gstin for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any output tax liability, though if this is done there could be a dispute from department that credit of another registration is being used at other gstin. So old ITC cannot be distributed through the new ISD registration - Tax Invoices to be received by an ISD for distribution - Query Started By: - Vinay Kunte Dated:- 23-2-2023 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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