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input service distributor

Shail Shah (Student CA Final ) (142 Points)

27 May 2017

how will sgst credit will be passed on incase of input service distributor to the branches located in other states?

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Saurabh (student) (25 Points)
Replied 01 June 2017

Sgst credit will be passed to attributable branches within the same state as sgst & to different states as igst.

An entity has to take registration as ISD to tranfer the credits to other states.

Ref: Icai background material on GST - sec 20 of CGST Bill, 2017.