ISD: How to Distribute Input Tax Credit

In our previous blog Understanding Input Service Distributor (ISD) in GST, we discussed the role of an ISD in GST. In this blog, we will discuss the various conditions applicable for the distribution of credit and the method of distribution of credit to different units (branches). Conditions for distribution of input tax credit by an ISD Learn about the conditions that govern the distribution of input tax credit by an Input Service Distributor (ISD). To streamline this process and ensure accurate allocation of tax credits among various branches or units within an organization, you can use advanced accounting software like Tally Prime. So, let’s take a look at the conditions to get started. 1. An ISD invoice clearly indicating ‘issued […]