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What is concept of Input Service distributor under GST

What is concept of Input Service distributor under GST

What is concept of Input Service distributor under GST

Input Service Distributor under GST Model includes

  • An office of the supplier of goods and / or services which
  • receives tax invoices issued by supplier towards receipt of input services and/or goods and
  • issues a prescribed document for the purposes of distributing the credit of CGST (SGST in State Acts) and / or IGST paid on the said services to a supplier of taxable goods and / or services having same PAN as that of the office referred to above

ISD can distribute the ITC subject to these conditions:

  • The credit can be distributed to the recipient of credit against a document.
  • The amount of ITC distributed cannot exceed the amount of ITC available for distribution
  • The ITC paid on Input service attributable to more than one recipient shall be distributed among such recipient on pro rate basis .
  • The ITC paid on Input service attributable to all recipient shall be distributed amongst ¬†uch recipient on pro rate basis .

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