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.
Every person, other than a person deducting tax at source or an Input Service Distributor, registered under an existing law and having a Permanent Account Number issued under the Income-tax Act, 1961 (Act 43 of 1961) shall enroll on the common portal by validating his e-mail address and mobile number.
Several agents are supporting marketing activities in Australia, Brazil and Korea.
Manner of recovery of credit distributed in excess.—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.
Notwithstanding anything to the contrary contained in this Act, the input tax credit on account of any services received prior to the appointed day by an Input Service Distributor shall be eligible for distribution as credit under this Act even if the invoices relating to such services are received on or after the appointed day.
More Definitions of Input Service Distributor
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 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 issues a prescribed
Input Service Distributor means an office of the supplier of goods and / or services which receives tax invoices issued under section 23 towards receipt of inputservices and issues tax invoice or such other document as prescribed for the purposes ofdistributing the credit of CGST (SGST in State Acts) and / or IGST paid on the saidservices to a supplier of taxable goods and / or services having same PAN as that of theoffice referred to above;Explanation.- For the purposes of distributing the credit of CGST (SGST in State Acts)and / or IGST, Input Service Distributor shall be deemed to be a supplier of 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 issues a prescribed document for the purposes of distributing the credit of central tax, State tax,
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 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. The manner of distribution of such ITC by the input service distributor is laid down in Section 20 of the Act. If the deeming fiction of treating activities between distinct persons as per S.No. 2 of Schedule II of the CGST Act, 2017 is applied in respect of all services received by HO, then the concept of input service distributor itself would be rendered redundant. While interpreting the statutory provisions, no part of the statute could be rendered redundant and harmonious construction has to be adopted. Thus it can be concluded, in respect of various services received by HO, there is no presumption that the HO is in turn supplying similar services to its Units in different states, requiring payment of GST and it is sufficient if proportionate ITC is distributed through input service distributor.