How to distribute common credit among all the units of an ISD?
Question 12
Bill
Concept of Input Service Distributor in GST
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 12. How to distribute common credit among all the units of an ISD?
Ans. The common credit used by all the units can be distributed by ISD on pro rata basis i.e. based on the turnover of each unit to the aggregate turnover of all the units to which credit is distributed.
–
Statute, statutory provisi
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =