Starting April 1, a significant change is imminent in the GST system with the enforcement of the Input Service Distributor (ISD) mechanism. This mandatory alteration is designed to ensure that state ...

We manufacture electrical fittings and have three manufacturing units and a corporate office. For the purpose of distribution of cenvat credit to the factories we have registered the corporate office ...

Companies having presence in multiple states and distributing common input tax credit with branch offices will have to register as Input Service Distributor (ISD) with GST authorities by April 1, 2025 ...

In significant relief to companies with branches in multiple cities, the finance ministry clarified the distribution of input tax credit between the head office and branch office as well as on the ...

The Court ruled that authorities cannot deny ITC by disregarding binding CBIC circulars. It held that cross-charging of ITC is legally permissible alongside ...

The department alleged irregular credit distribution under Rule 7. The Tribunal found full disclosure in statutory returns and no mala fide intent. The ruling emphasizes transparency as a defense ...

It has received an order from Assistant Commissioner, Bathinda, for a demand of "Rs 25.11 lakh together with interest and penalty, alleging that the ISD (Input Service Distributor) credit not ...