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Procedure for distribution of input tax credit by Input Service Distributor

Rule 4 - Input Tax Credit - Goods and Services Tax - Rule 4 - 4. (1) An Input Service Distributor shall distribute input tax credit in the manner and subject to the conditions specified below- (a) the input tax credit available for distribution in a month shall be distributed in the same month and the details thereof shall be furnished in FORM GSTR-6 in accordance with the provisions of Chapter - (Return Rules); (b) the Input Service Distributor shall, in accordance with the provisions of clause .....

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0 to one of the recipients R1 , whether registered or not, from amongst the total of all the recipients to whom input tax credit is attributable, including the recipient(s) who are engaged in making exempt supply, or are otherwise not registered for any reason, shall be the amount, C1 , to be calculated by applying the following formula:- C1 = (t1÷T) × C where, C is the amount of credit to be distributed, t1 is the turnover, as referred to in section 20, of person R1 during the rele .....

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ect of a recipient located in a State other than that of the Input Service Distributor, be distributed as integrated tax and the amount to be so distributed shall be equal to the aggregate of the amount of input tax credit of central tax and State tax that qualifies for distribution to such recipient in accordance with clause (d); (g) The Input Service Distributor shall issue an ISD invoice, as prescribed in sub-rule (1) of rule invoice-7, clearly indicating in such invoice that it is issued onl .....

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