Input Service Distributor definition

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;

Input Service Distributor means an office of the supplier of goods and/ or services which receives tax invoices issued under section 28 towards receipt of input services 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;

Input Service Distributor means an office of the manufacturer or producer of final products or provider of output service, which receives invoices issued under rule 4A of the Service Tax Rules, 1994 towards purchases of input services and issues invoice, bill or, as the case may be, challan for the purposes of distributing the credit of service tax paid on the said services to such manufacturer or producer or provider, as the case may be;

Examples of Input Service Distributor in a sentence

• Where the Input Service Distributor distributes the credit in contravention of the provisions contained in section 20 resulting in excess distribution of credit to one or more recipients of credit, the excess credit so distributed shall be recovered from such recipients along with interest, and the provisions of section 73 or section 74, as the case may be, shall, mutatis mutandis, apply for determination of amount to be recovered.

• Note 12: - Auto-drafted details for registered person opting for composition levy are contained in Form GSTR-4A and auto-populated details of ITC received for distribution by Input Service Distributor are contained in Form GSTR-6A.

• Every Input Service Distributor shall, on the basis of details contained in FORM GSTR-6A, and where required, after adding, correcting or deleting the details, furnish electronically the return in FORM GSTR-6, containing the details of tax invoices on which credit has been received and those issued under section 20, through the common portal either directly or from a Facilitation Centre notified by the Commissioner.

• Input tax credit can be availed on the basis of following documents:• an invoice;• a debit note;• a bill of entry;• an invoice issued by a person on account of procuring services from an unregistered person;• a document issued by an Input Service Distributor.

• Further, irrespective of turnover, a person engaged in inter-State supplies or a person liable to GST under reverse charge would be require to compulsory obtain registration.The current concept of Input Service Distributor is also expected to continue for distributing the credit of GST paid on ‗services‘ proposed to be used at multiple locations which are separately registered.

More Definitions of Input Service Distributor

Input Service Distributor means an office of the supplier of goods or services

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

Input Service Distributor means an office of the supplier which receives tax invoices issued 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 having the same PAN as that of the said office.

Input Service Distributor means an office of the supplier of goods and

Input Service Distributor means an office of the supplier of goods or services or both which receives tax invoices towards the receipt of input services, including invoices in respect of services liable to tax under sub-section (3) or sub-section (4) of section 9, for or on behalf of distinct persons referred to in section 25, and liable to distribute the input tax credit in respect of such invoices in the manner provided in section 20;''.

Input Service Distributor means an offi e of the supplier of goods and/or services which receives tax invoices issued under section 28 towards receipt of input services an issues a prescribed document for the purposes of distributing the credit of CGST (SGST State Acts) and / or IGST paid on the said services to a supplier of taxable goods and / services having same PAN as that of the office referred to above; 29 r b anput Service Distributo – Section 21 ▪ Note that in case of inter-state distri credit of respective input service onution of input service tax credit by an ISD, ccount of SGST or CGST or IGST will betransferred as IGST in all cases. In case of intra-state distribution of input service tax credit by an ISD, SGST and IGST credit shall be distributed as SGST credit; and CGST and IGST credit shall be distributed as CGST credit. ▪ Conditions for distributing credit▪ Credit can be distributed against a prescribed document issued to each of the recipient of the credit so distributed, and such document shall contain details as may be prescribed; ▪ the amount of credit distributed shall not exceed the amount of credit available for distribution; ▪ The credit of tax paid on input services attributable to a recipient of credit shall be distributed only to that recipient 30rnput Service Distributo – Section 21 ▪ Conditions for distributing credit▪ the credit attributable to more than one recipient of credit shall be distributed only amongst such recipient(s) to whom the input service is attributable and such distribution shall be pro rata on the basis of the turnover in a state of such recipient, during the relevant period to the aggregate of the turnover of all such recipients to whom such input service is attributable and which are operational in the current year, during the said relevant period ▪ the credit attributable to all recipient of credit shall be distributed only amongst such recipients of credit shall be distributed amongst such recipients and such distribution shall be pro rata on the basis of the turnover in a state of such recipient, during the relevant period to the aggregate of the turnover of all recipients and which are operational in the current year, during the said relevant period 31ecovery of excess distributed credit– Section 2 Manner of recovery of credit distributed uWhere the Input Service Distributor distribin excess tes the credit in contravention of the provisions contained in section 21 resulting in excess distribution of credit to one or more reci...

Input Service Distributor means an office of the manufacturer or producer of final products or provider of output service, which receives invoices issued under rule 4A of