Analysis | Input Service Distribution (ISD) Registration – Finance Bill 2024 Amendments

· Taxmann Publications Private Limited
eBook
12
Pages

About this eBook

In the Interim Budget 2024, certain amendments have been proposed in the provisions relating to Input Service Distribution (ISD) under GST. The proposed amendment, if notified, would mandate the ISD provisions regarding the common credit on third-party invoices.

This article provides an in-depth examination of the proposed amendment, including:

‣ Key amendments in the provisions relating to ISD – Section 2(61) and Section 20 of the CGST Act, 2017

‣ Analysis of the proposed amendment to ISD provisions

‣ Impact of proposed amendment on cross-charge

‣ Practical implications as well as difficulties due to the proposed amendment

About the author

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries and Lawyers. This team works under the guidance and supervision of Editor-In-Chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the Six Sigma approach to achieve the benchmark of zero error in publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

• The statutory material is obtained only from the authorised and reliable sources

• All the latest developments in the judicial and legislative fields are covered

• Analytical write-ups should be provided on recent, controversial, and important issues to help the readers to understand the concept and its implications

• It must be ensured that every content published by Taxmann is complete, accurate and lucid

• All evidence-based statements must be supported with proper reference to Section, Circular No., Notification No. or citations

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