The department argued that credit must be split across units. The Tribunal ruled that Rule 7 allowed discretionary ...

The issue involved excess credit utilisation beyond the 20% cap in certain months. The Tribunal held that the rule does not ...

Starting April 1, a significant change is imminent in the GST system with the enforcement of the Input Service Distributor (ISD) mechanism. This mandatory alteration is designed to ensure that state ...

Companies having presence in multiple states and distributing common input tax credit with branch offices will have to register as Input Service Distributor (ISD) with GST authorities by April 1, 2025 ...

We manufacture electrical fittings and have three manufacturing units and a corporate office. For the purpose of distribution of cenvat credit to the factories we have registered the corporate office ...

Small businesses with a turnover of Rs20-75 lakh can opt for the GST composition scheme in which traders, manufacturers and restaurants can pay tax at 1%, 2% and 5%, respectively ...

Finance Bill 2024 has proposed an amendment for mandatory input service distributor (ISD) registration for firms with branches to claim input tax credit. Under the GST regime, several disputes have ...