Tax Guru13h
ISD – A Better Way to Distribute ITC among Branches
An ISD shall distribute the ITC of RCM in the same manner of normal ITC on basis of turnover. The distributed ITC will be ...
Tax Guru6d
All about Input Service Distributor and Manner of Distribution of credit
Input Service Distributor (ISD) [w.e.f. 01/04/2025] The concept of ISD started as a facility made available to businesses having a large share of common expenditure and billing / ...
New GST rule from April 1, 2025: ISD mandatory for input tax credit; not following will lead to ITR denial, minimum penalty of Rs 10,000
The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...
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No input tax credit if e-invoice not uploaded in GST portal within 30 days: New rule soon
The Goods and Services Tax Network (GSTN) has introduced a new rule disallowing upload of e-invoices older than 30 days on the invoice registration portal (IRP) from April 1, 2025, for a large ...
realty.economictimes.indiatimes1mon
FICCI, Assocham seek input tax credit under CGST on commercial properties meant for leasing purposes
NEW DELHI Industry bodies FICCI and Assocham have demanded that real estate developers should be allowed to claim Input Tax Credit (ITC) under the Central Goods and ... as construction cost before ...