ISD under GST?

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(Last Updated On: June 15, 2018)

Full form of ISD : Input Service Distributor

It means an office of the manufacturer of goods or provider of services. ISD gets tax invoice for purchase of input services from input service provider. ISD distributes ITC by issuing invoices, bill or challan to supplier of goods and/or services. A separate registration shall be taken as Input Service Distributor (ISD) even though the office may be registered as a taxable person. The ISD may distribute credit of CGST as CGST or IGST; ISD may distribute credit of IGST as IGST or CGST; ISD may distribute credit of SGST as SGST or IGST.

ISDs registered under previous indirect tax law is required to take fresh i.e. new registration under GST. An Input Service Distributor invoice/ credit note shall contain name, address and Goods and Services Tax Identification Number of the Input Service Distributor; a consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters- hyphen or dash and slash symbolised as- “-”, “/” respectively, and any combination thereof, unique for a financial year; date of its issue; name, address and GSTIN of the recipient to whom the credit is distributed; amount of the credit distributed; and signature or digital signature of the Input Service Distributor or his authorised representative. Where the Input Service Distributor is an office of a banking company or a financial institution, including a non-banking financial company, a tax invoice shall include any document in lieu thereof, by whatever name called, whether or not serially numbered but containing the information as mentioned above.

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