ISD Meaning
Jasjot Singh (Student CA IPC / IPCC) (66 Points)
25 April 2018
can anyone explain in detail the meaning of isd
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 25 April 2018
https://cleartax.in/s/input-service-distributor-under-gst
Vaibhav DHingra
(128 Points)
Replied 25 April 2018
Input Service Distributor is a type of registration taken for distribution of Input tax credit to the respective registrations under the same pan.
Suppose M/s XYZ Ltd has a GST registration in 10 states and has its head office in Delhi. It also has its ISD registration in Delhi so that input of goods/services received in Delhi head office can be transferred to the state /registration where it pertains. For example, Its Rajasthan unit has its bank account in Delhi where the head office is located, and has to take input tax credit of bank guarantee/charges, the same would be availed in DL ISD registration and the same shall be distributed to Rajasthan GST registration
Vaibhav DHingra
(128 Points)
Replied 25 April 2018
Input Service Distributor is a type of registration taken for distribution of Input tax credit to the respective registrations under the same pan.
Suppose M/s XYZ Ltd has a GST registration in 10 states and has its head office in Delhi. It also has its ISD registration in Delhi so that input of goods/services received in Delhi head office can be transferred to the state /registration where it pertains. For example, Its Rajasthan unit has its bank account in Delhi where the head office is located, and has to take input tax credit of bank guarantee/charges, the same would be availed in DL ISD registration and the same shall be distributed to Rajasthan GST registration
Recent Topics
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
Related Threads
CAclubindia
