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Tag Archives: ITC

9 ways GST could impact home buyers

Forr every portion of the law, its interpretation plays a key role in its success and compliance. The Goods and Service Tax (GST) is no different. The key aspect of the new law is to be able to distinguish between what is happening today and what will happen in the …

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ISD: How to Distribute Input Tax Credit

Conditions for distribution of input tax credit by an ISD The following are the conditions applicable for distribution of input credit by an ISD: 1. An ISD invoice clearly indicating ‘issued only for distribution of input tax credit’, should be issued by the distributor to the recipient of credit. The …

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