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

  • In the Reason to obtain registration drop-down list, select the reason of liability to obtain registration for your business.Note: In case you want to register as Input Service Distributor (ISD), all you need to do is select Input Service Distributor only under Reason to obtain registration in the Business Details section of PART B of the New Registration Application.

  • E-invoice is not applicable to invoices issued by Input Service Distributor (ISD).


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 issues a prescribed document for
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 21Note 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 se c t io n 31 t o w a r ds the r e c e ipt of input services and issues a prescribed document for the p urposes of distrib uting 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 manufacturer or producer of final products or provider of output service, which receives invoices issued under rule 4A of
Input Service Distributor means an office of the supplier of goods or services or both which receives tax invoices issued under s e c t io n 31 t o w a r d s t h e r e c e ip t of in p u t services and issues a prescribed document for t h e p urpos e s of dis t rib u t in g t h e cre dit of central tax, State tax, integrated tax or Union territory t ax 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/services which receives tax invoices on receipt of input services and issues tax invoices for the purpose of