Input Service Distributor ” means an office of the supplier of goods or services or both which receives tax invoices issued under section 31 towards the receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax, State tax, integrated tax or Union territory tax paid on the said services to a supplier of taxable goods or services or both having the same Permanent Account Number as that of the said office.
Why do business get themselves as Distributor
View AnswerSo that they can distribute Credit to their other Branches
What type of Input Tax Credit can be distributed
View AnswerOnly Input Service can be Distributed
Inputs and Capital Goods cannot be Distributed
What type of Invoice to be issued by Input Service Distributor
View AnswerTax Invoice to be issued
Separate series of invoice is required for purpose of Distributing Credit
Can it be distributed to Other Business Also of same holding company
View AnswerNo, Pan No should be same for distributing credit
(Holding and Subsidiary Company will have separate Pan No)
How to Distribute Credit if it is Related to More than One Office?
View AnswerCredit to be Distributed
On basis of Last Year Turnover
Of business currently existing in Current Year
What if there is no last year turnover
View AnswerTurnover of Previous Quarter (last quarter prior to distribution) to be considered
GST Return for July, Aug, Sep to be filed by 15 Nov 2017
