GST related query........
Ajnas (Student) (844 Points)
19 June 2021
Input service distributor is required follow 105% itc rule for itc distribution(GSTR 6)?
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 19 June 2021
No, ISD cannot follow 105% of ITC. There is another formula for ITC for ISD
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 19 June 2021
105% Rule apply in all cases where tax payer is claiming ITC.
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